JGB futures last trade at 152.88, 3....>

BOND SUMMARY: JGB futures last trade at 152.88, 3 ticks below settlement, as

they recovered from an early session low touched on the back of the Nikkei 225's

look into positive territory and Japanese Econ Min Motegi's announcement that

U.S.-Japan trade talks will start next week. A strong 5-Year JGBs auction aided

subsequent move to session highs, even as the Nikkei 225 climbed back into the

green. Japanese cash yields are trading 1.4bp lower to 0.2bp higher across the

curve, with the longer end outperforming.

- T-Notes last trade unch. at 123.14+, with U.S. cash Tsy yields sitting

0.2-0.6bp lower across the curve and 10-year yield at 2.520%. Eurodollar

contracts are trading 0.5 tick lower to 0.5 tick higher through the reds.

- Aussie bond yields are trading 1.0-2.2bp higher across the curve. YM last

trades 1.0 tick lower at 98.600, XM sits 2.0 ticks lower at 98.100, with YM/XM

marginally higher at 50.00. Bills last seen unch. to 1 tick lower through the

reds. As a reminder, the AOFM sold A$150mn of the 2.50% 20 Sep 2030 I/L Bond

today, attracting the cover ratio of 5.3067x vs. the prev. 3.3600x.

- Bunds last -0.12 at 165.24, Bobls -0.01 at 132.88, Schatz -0.005 at 111.915.