Early Asia-Pac hours saw a continued...>

BOND SUMMARY: Early Asia-Pac hours saw a continued enthusiasm, stemming from

yesterday's optimistic reports from the Covid-19 front. That said, U.S. equity

index futures have slipped into negative territory and core FI have already

bounced off lows. T-Notes sit +0-06 at 138-25, while yield curve has bull

flattened in cash trade. Eurodollars last seen 0.5-1.0 tick higher thru reds.

- JGB futures have fluctuated, last trade at 152.30, -18 ticks vs. settlement.

Yields mostly sit higher, with belly underperforming at the margin. The BoJ left

the sizes of its 1-3, 5-10  25+ Year JGB purchases unchanged today. Early focus

was on gov't support measures for companies & focus turns to final industrial

output data, due later in the day.

- In Australia, YM -1.0 & XM -5.5 (has moved away from earlier lows). Curve runs

steeper, yields sit higher as we type, on the back of broader impetus from

SYCOM. Bills sit 1-3 ticks lower through the reds. RBA's May MonPol meeting

minutes & Australia's weekly payroll jobs & wages data will be under the

microscope at the bottom of the hour.