JGBs Ignore Japan's GDP, ACGBs Await RBA Minutes

T-Notes last seen -0-02 at 132-09, remain rangebound in Asia-Pac trade, with little in the way of broader tier 1 risk events scheduled for the session. Cash Tsy yields sit marginally lower across the curve, while Eurodollar futures trade +0.5 to -0.5 tick through the reds. We've heard from Fed's Kaplan in the NY/Asia crossover, but there was little of real note in his comments.

• JGB futures have eased off a tad, last sit at 151.35, 7 ticks shy of Monday's settlement, even as Japan's Q1 GDP contraction was deeper than expected. Cash JGB yields are marginally mixed as we type.
• Aussie yield curve bear steepened as trading resumed in Sydney and the space absorbed overnight impetus. Cash yields last trade 0.4-4.6bp higher, with 10s lagging. YM last -1.0 & XM -4.5, while bills run unch. to -1 tick through the reds. The RBA will release the minutes from this month's MonPol meeting, but main focus has already been affixed on the Jul meeting, which is expected to bring key decisions.