Early focus has fallen on matters......>

BOND SUMMARY: Early focus has fallen on matters surrounding the weekend OPEC+

meeting (which concluded with an extension to coordinated output curbs), China's

trade data and Friday's particularly upbeat U.S. NFP report. U.S. equity index

futures & the Nikkei 225 have crept higher on the back of this positive impetus,

but both T-Notes & JGB futs have inched higher.

- T-Notes last deal +0-01 at 137-04, though yields sit marginally higher in cash

trade, with curve running a tad steeper. Eurodollars last seen unch. to +0.5

tick through the reds.

- JGB futures have crept higher and last trade unch. at 151.58, +2 tick vs.

settlement & slightly off an earlier high. Cash JGB yields trade slightly lower

across the curve. As expected, Japan's final Q1 GDP was revised to indicate a

smaller contraction than shown by the preliminary reading. Meanwhile, monthly

BoP current account surplus shrank more than expected. Eco Watchers Survey is

due later today.

- Australian markets are closed for a public holiday.