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Holidays Limit Activity, FOMC Decision Eyed This Week

BOND SUMMARY

Core FI space is off to a very lacklustre start to the week, with the weekend providing little in the way of notable news flow. In addition, markets in China, Hong Kong, Taiwan and Australia are shut for holidays today, limiting broader activity. T-Notes have been rangebound and last trade +0-00+ at 132-27+. Cash Tsy curve has bear steepened a tad, with yields last seen 0.2-1.2bp higher. Eurodollar futures run little changed through the reds. There is little of note on the U.S. calendar today, with focus already on tis week's FOMC MonPol decision.

  • JGB reopened on a marginally softer footing and last trade at 151.84, 5 ticks shy of prior settlement. Cash JGB yields are broadly higher, albeit by narrow margins. Final Japanese industrial output data headline the local docket today.

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