Early Asia-Pac trade has the...........>

BOND SUMMARY: Early Asia-Pac trade has the distinct feel of a U.S. holiday

session, on the back of a relatively limited weekend on the news front, with

focus falling on familiar, if a little elevated, geopolitical tensions.

- Activity remains limited across the core FI space, with cash Tsys closed until

Tuesday's session owing to a U.S. holiday. T-Notes +0-02+ at 129-04, Eurodollar

futures 0.5-2.0 ticks higher through the reds.

- Aussie bond futures also happy to hold tight ranges ahead of greater domestic

event risk later this week, with some A$ issuance providing the only real points

of interest in early Sydney trade. YM & XM unch. Bills unchanged to 1 tick lower

through the reds.

- JGB futures +2, holding a tight range, yields marginally mixed across the

curve ahead of the latest round of BoJ 1-5 Year Rinban ops.

- Worth flagging that China's latest Loan Prime Rate fixing is due at the bottom

of the hour.