Developed FI space has ticked lower....>

BOND SUMMARY: Developed FI space has ticked lower in early Asia-Pac trade, as

regional equities posted gains.

- T-Notes last seen at 123.18, unchanged on the day. U.S. cash Tsy yields are

trading 0.2-0.7bp higher across the curve. Eurodollar contracts sit unch. to 1.0

tick lower trough the reds.

- JGB futures ebbed lower and last trade at 152.85, 8 ticks below settlement, as

the Nikkei 225 bounced and last trades ~0.5% higher. Cash yields are sitting

unch. to 1.0bp 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 offer Y4.3tn of its 3-Month Bills at an auction later today.

- Aussie bond yields last trade 2.8 to 3.7bp higher across the curve. YM last

trades 2.5 ticks lower at 98.575 with XM 3.5 ticks lower at 98.100, while YM/XM

deals marginally higher at 47.50. Bills are sitting 2-3 ticks lower through the

reds at typing. As a reminder, RBA Financial Stability Review comes out at the

bottom of the hour.