Core FI was generally biased lower.....>

BOND SUMMARY: Core FI was generally biased lower at the margins during Asia-Pac

trade, with little of note on the news front and major equity markets last

printing unchanged to a touch higher, while spill over from Tuesday's curve

steepening in Tsys may have also played a part.

- T-Notes hold in the middle of their tight range, last -0-02 at 138-21, with

the yields 0.2-1.1bp cheaper in cash trade. Eurodollar futures sit unchanged to

0.5 tick lower through the reds.

- JGB futures looked through local services PPI data and a relatively

inconspicuous account of the BoJ's most recent monetary policy decision,

contract last -8 with the curve twist steepening. Also worth noting that the

Tokyo Governor pointed to a "large" number of new COVID-19 cases ahead of

today's data release.

- Aussie bonds were range bound, with a bias towards to marginal bear flattening

for most of the Sydney session. YM -0.5, XM -1.5. Bills unchanged to -1 through

the reds. Local focus fell on ACGB '29 supply, that was perhaps a little firmer

than most expected, as well as the COVID-19 situation in Victoria.