It has been a pretty quiet start to....>

BOND SUMMARY: It has been a pretty quiet start to the session, with all eyes on

today's monetary policy decision from U.S. FOMC. T-Notes trade +0-02+ at

137-25+, with yields marginally lower in cash trade. Eurodollars last seen

0.25-0.50 tick higher through the reds.

- JGB futures sit at 152.03, 7 ticks above settlement. Cash JGB yields are

mostly lower. Japan's PPI was more negative than expected, while core machine

orders shrank more than forecast. Focus turns to today's round of BoJ Rinban

ops, with Japan's central bank due to purchase 3-5 & 5-10 year paper.

- In Australia, YM is unch. & XM +2.75, while yield curve has slightly twist

flattened in cash trade. Bills are unch. to +1 tick through the reds. Australian

Westpac Consumer Confidence will be published at the bottom of the hour, with

local housing finance data due later in the day. There is also ACGB 1.0% 21 Dec

'30 supply coming up at the top of the hour.