Earlier defensive feel has.............>

BOND SUMMARY: Earlier defensive feel has dissipated as participants shelved

concerns about U.S. protests and the U.S.-China sabre-rattling from over the

weekend, while taking note of Friday's relatively good reception of U.S. Pres

Trump's presser on China. U.S. equity index futures have trmmed losses with

T-Notes selling off in tandem. T-Notes have faded the initial uptick and last

trade -0-02+ at 138-31+. Curve runs steeper in cash trade. Eurodollars last

trade -0.5 to +0.5 tick through the reds.

- JGB futures have crept higher after a lower re-open and last sit at 152.19, 1

tick below settlement. Yields are mostly lower, with 7s underperforming. The BoJ

left the sizes of its 1-3 & 25+ Year JGB purchases unchanged today. Japan

reported better than expected capex data for Q1. Final Jibun Bank M'fing PMI was

left at 38.4

- Australian YM trades -0.5 & XM sits -1.5 though off earlier lows. Yield curve

runs steeper in cash trade. Bills last seen -1 to +1 tick through the reds.

Australia's AiG M'fing PMI improved to 41.6 from 35.8, while final M'fing PMI

was revised to 44.0 from 42.8.