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Core FI traded mixed in Asia-Pac.......>

BOND SUMMARY
BOND SUMMARY: Core FI traded mixed in Asia-Pac hours. Tsys drew light support
from ongoing references to heightened Sino-U.S. tension, with T-Notes holding a
tight 0-04 range, last +0-01 at 139-12. Curve has seen some light bull
flattening in cash trade, with yields 0.2-1.3bp richer at typing. Eurodollar
futures sit unchanged to -0.5 through the reds.
- JGB futures drew support from ongoing worry re: the COVID-19 situation in
Tokyo, last +22, pushing through initial technical resistance, while the latest
1-5 Year liquidity enhancement auction for off the run 1-5 Year JGBs passed
smoothly. The curve bull steepened, with underperformance evident in the long
end as focus turns to next week's 20-Year supply.
- Aussie Bonds were steeper vs. settlement for the duration of the Sydney
session. Stronger than exp. Chinese GDP provided little impetus for the space,
while COVID-19 matters clouded any inference made re: the latest local labour
market report. YM unch., XM -1.5
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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