In the otherwise lacklustre Asian......>

BOND SUMMARY: In the otherwise lacklustre Asian morning, weekend headlines with

optimistic trade comments from U.S. Pres Trump & Commerce Sec Ross have drawn

some attention. Resulting impact on risk sentiment has applied a slight pressure

to core FI, but familiar ranges remain intact. Japan observes a public holiday.

- T-Notes last trade -0-01+ at 129-31. Eurodollars last sit 0.5-1.5 tick lower

through the reds. Cash Tsys are closed due to a market holiday in Tokyo.

- In Australia, YM trades -3.0 ticks and XM -5.5 ticks at typing. Aussie yield

curve runs steeper, with yields sitting 2.3-5.1bp higher across the curve. Bills

last seen 1-3 ticks worse off through the reds. A miss in Australian retail

sales data provided a modicum of support to the space, albeit to a very marginal

degree. Meanwhile, ANZ jobs adverts declined 1.0%, while Melbourne Institute

inflation figures were in line with exp. Elsewhere, the AOFM auctioned A$400mn

worth of 2.75% 21 Apr 2024 ACGB today.