Early Asia-Pac trade has seen little...>

BOND SUMMARY: Early Asia-Pac trade has seen little in the way of notable price

action in the developed FI space.

- T-Notes last trade -0.00+ at 123.14, with U.S. cash Tsy yields sitting unch.

to 0.3bp lower across the curve. Worth noting early Asia-Pac trade saw reports

that the U.S. blocked 16 Saudi nationals for their role in Khashoggi murder, and

threatens the EU with fresh tariffs in response to the bloc's Airbus subsidies.

Eurodollar contracts are trading unch. to 1 tick lower through the reds.

- JGB futures have ticked lower, as the Nikkei 225 moved into positive

territory, and last trade at 152.85, 6 ticks below settlement. Cash yields are

trading 0.9bp lower to 0.7bp higher across the curve, with the longer end

outperforming. Japan will offer Y1.9tn 5-Year JGBs at an auction later today.

- Aussie bond yields are trading 0.5 to 2.3bp higher across the curve. YM last

trades 0.5 tick lower at 98.605, with XM 2.0 ticks lower at 98.100, while YM/XM

has edged higher and sits at 50.50. Bills are trading 1 tick lower to 1 tick

higher through the reds. As a reminder, Australia will offer A$150mn of its

2.50% 2030 I/L Bond at an auction at the top of the hour.