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Early Asia-Pac trade saw the FI........>

BOND SUMMARY
BOND SUMMARY: Early Asia-Pac trade saw the FI space weighed on by PM May's
latest trip for last-minute talks with EU's Juncker ahead of Tuesday's Brexit
vote in the Commons. Both leaders focused on the temporary nature of the Irish
backstop, which triggered a wave of optimism, even as some Tory MPs said EU
"concessions" fall short of exp. Risk appetite was further boosted as Xinhua
reported fresh ministerial contact in Sino-U.S. trade negotiations.
- T-Notes last seen -0.07 at 122.13+, with cash yields trading 1.8 to 2.7bp
higher across the curve. U.S. 10-Year cash Tsy yield last sits at 2.663%.
Eurodollar contracts are trading 0.5 to 3.0 ticks lower through the reds.
- JGB futures finished the morning session at 152.75, 3 ticks below settlement.
Cash yields are 0.1 to 1.5bp higher across the curve, with some bear steepening
evident. As a reminder, 5-Year JGB supply is scheduled for later today.
- Australian bond futures edged higher on the back of a softer AU data, but
eased off thereafter, as the U.S.-China trade news came in. Aussie bond yields
last trade 0.9 to 1.3bp higher, with YM -1.5 ticks & XM -1.25 ticks. YM/XM last
seen marginally steeper at 42.25; bills trade 1-2 ticks lower through the reds.

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