Little in the way of big,..............>

BOND SUMMARY: Little in the way of big, market-moving developments seen so far,

with U.S. equity index futures ticking lower. Wider focus remains on familiar

factors. T-Notes last sits +0-06+ at 139-05. Curve runs flatter, with yields

sitting 0.2-1.9bp lower. Eurodollars trade -0.5 to +1.5 tick through the reds.

- JGB futures trade at 152.35, 4 ticks above settlement. Yields are lower in

cash trade, save for 1s. The BoJ left the sizes of its 1-3, 3-5 & 10-25 Year

Rinban ops unchanged today. Local BoP data undershot expectations and the focus

turns to Eco Watchers Survey, due later today.

- In Australia, YM is unch. & XM +3.5 ticks. Cash curve has flattened, with

yields sitting 0.1-3.2bp lower. Bills last seen unch. to -1 tick through the

reds. Australia's Westpac Consumer Confidence print was solid, headline index

recovered 16.4% M/M. Q1 (pre-lockdown) wage price indices matched expectations.