Global trade worries supported the.....>

BOND SUMMARY: Global trade worries supported the developed FI space from the

off, although the initial impact faded somewhat through the session. T-Notes

last deal +0-05 at 126-29, shy of best levels. Cash Tsy yields trade 0.1-1.2bp

lower across the curve, with 10-year yields last seen at 2.123%. Eurodollar

contracts trade 1.0-4.5 ticks higher through the reds.

- JGB futures round tripped from the session low at 153.11 and last trade at

153.21, 1 tick above settlement. The cash space saw some very modest twist

steepening creep in on the back of the BoJ's Rinban plan adjustments, outlined

on Friday. Today's BoJ 1-5 Rinban ops saw all sizes unch. from the prev. ops.

- Aussie bond futures eased off, but stuck to a tight range. YM -1.0 tick, XM

-3.5 ticks, with light selling noted after the NYT reported that the White House

decided against imposing tariffs on Australia, while better than exp. Caixin

m'fing PMI from China also added some weight. Cash yields are trading 0.6bp to

3.6bp higher across the curve, with some bear steepening evident. Bills trade

unchanged to 1 tick lower through the reds.

- Bunds +19 ticks, Bobl +6.0 ticks, Schatz +2.5 ticks.