Developed FI space ticked higher.......>

BOND SUMMARY: Developed FI space ticked higher overnight, ahead of a busy

Wednesday and after yesterday's cut to the IMF's global growth outlook.

- T-Notes last deal +0.02+ at 123.23, just shy of highs. Cash Tsy yields are

trading 0.9-1.5bp lower across the curve. Eurodollar contracts sit 0.5 tick

lower to 1.0 tick higher through the reds.

- JGB futures ticked away from highs post-lunch, but still trade 7 ticks above

settlement, last at 152.95. Cash yields last seen unch. to 0.4bp lower across

the curve. Muted reaction noted upon domestic data releases.

- Australian FI space ebbed off of best levels on comments from RBA Dep Gov

Debelle, who pointed to a "surprisingly strong" domestic labour market. Aussie

bond yields are trading 1.0-2.8bp lower across the curve. YM sits 1.5 ticks

higher at 98.62, with XM trading 3.0 ticks higher at 98.125. YM/XM last seen 1.5

tick lower at 49.00. Bills are trading 1 tick lower to 2 ticks higher through

the reds. Worth noting the AOFM sold A$900mn of the 2.75% 21 Nov 2029 Bond

today, drawing the cover ratio of 2.9056x.

- Bunds +0.11 at 165.59, Bobls +0.03 at 132.95, Schatz +0.005 at 111.910.