Developed FI space has generally.......>

BOND SUMMARY: Developed FI space has generally ticked lower, as Japanese and

Australian benchmark equity indices have advanced.

- Aussie bonds have ebbed lower in the wake of the release of the RBA's

semi-annual Financial Stability Review, which pointed to the resilience of

Australian financial system. Aussie bond yields last trade 0.8-2.4bp higher

across the curve. XM last seen 2.5 ticks lower at 98.110, YM sits 0.5 tick lower

at 98.595, while YM/XM was last seen 1.5 ticks higher at 48.00. Bills are

trading 1 tick lower through the reds.

- T-Notes last deal 0.01 higher at 123.19, with U.S. cash Tsy yields sitting

unch. to 0.3bp higher across the board. Eurodollar contracts are trading unch.

to 0.5 tick lower through the reds. Worth noting Fed Chair Powell reportedly

stressed that the Fed remains independent in his address to the Democrats.

- JGB futures finished the morning session at 152.88, 5 ticks below settlement.

Cash yields are trading 0.1bp lower to 0.6bp higher across the curve. Worth

noting the BoJ left all sizes of today's 1-5 & 5-25+ Rinban ops unchanged vs.

the prev. operations. Also today, Japan will sell Y4.3tn of its 3-Month Bills.