Developed FI instruments have been.....>

BOND SUMMARY: Developed FI instruments have been range-bound, consolidating

after yesterday's moves. Japanese core CPI slowed, matching MNI consensus

forecast, while flash m'fing PMI print saw the index move further into

contractionary territory.

- JGB futures last trade at 153.91, just 1 tick below settlement. Yields are a

touch higher across the curve. Today's 1-10 Year Rinban operations will draw

some attention amid speculation that the BoJ may trim the size of its purchases

after 10-Year JGB yield slid to -0.187% on Thursday, nearing the lower end of

the BoJ's range at -0.200%.

- T-Notes last trade -0-03+ at 127-30+. Cash Tsy yields are sitting 2.1bp to

2.5bp lower across the curve, while Eurodollar futures are seen 2.25 to 3.0

ticks lower through the reds.

- In Australia, YM & XM both trade 0.5 tick higher. Yields are a touch lower

across the curve, while bills trade unch. to 1 tick higher through the reds. The

AOFM will publish its bond issuance for next week later today, after Aussie

bonds shrugged off upticks in domestic CBA PMIs.