Core global fixed income struggled.....>

BOND SUMMARY: Core global fixed income struggled during Asia hours in the wake

of the latest FOMC decision, with a fresh wave of selling hitting in early Tokyo

trade after Tsys managed to regain their poise in the NY afternoon.

- T-Notes last deal -0-02+ lower at 127-11, a little way off the Asia session

lows after the contract was pressured by regional players & a block sale of FVU9

as Tokyo dealers settled at their desks. Yields run 0.5-2.4bp higher across the

curve, with the belly underperforming. Eurodollar futures deal unchanged to 1.0

tick higher.

- JGBs struggled alongside Tsys, with an uninspiring 10-Year JGB auction

applying some fresh pressure in the Tokyo afternoon. Contract last trades 15

ticks worse off.

- Aussie Bonds largely tracked Tsys, with YM -3.0 and XM -1.5, leaving the curve

a touch flatter, Bills deal 2-3 ticks lower through the reds.