JGB Futures Recoup Overnight Losses, Aussie Jobs Data Eyed

A quiet start to the session for T-Notes, which trade -0-00+ at 131-29, holding a 0-02 range thus far. Cash Tsy yields sit marginally higher across the curve. Eurodollar futures last seen unch. to -0.5 tick through the reds. Headline flow surrounding the CDC's probe into the J&J Covid-19 vaccine failed to provide any impetus for the space.

• JGB futures re-opened higher and have traded sideways since. The contract last sits at 151.37, 2 ticks below Wednesday's settlement. Cash JG yields show little deviation from neutral levels across most tenors, with 3s underperforming. An enhanced liquidity auction for off-the-run 5-15.5 Year JGBs & comments from BoJ Gov Kuroda take focus from here.
• Cash ACGB curve has bear steepened, with yields last seen 1.0-4.4bp higher. YM sits -1.5 & XM -4.5 as we type, both rangebound. Bills trade 1-2 ticks lower through the reds. Australian labour market report & consumer inflation expectations headline the local docket today.