Little in the way tier one headline....>

BOND SUMMARY: Little in the way tier one headline flow during Asia hours,

although U.S. Pres. Trump reverted to a more aggressive tone re: matters

surrounding the Fed, after he had initially pointed to a cordial meeting with

Fed Chair Powell on Monday. Elsewhere, focus continues to fall on HK & the trade

war. T-Notes unch. at 129-10+, yields 0.2-1.0bp lower across the curve.

- Aussie bonds were supported by the minutes of the RBA's Nov MonPol meeting,

which revealed that "the Board agreed that a case could be made to ease monetary

policy at this meeting, but that the most appropriate approach would be to

maintain the current stance of monetary policy." However, the Board also

cautioned that "they also discussed the possibility that a further reduction in

interest rates could have a different effect on confidence than in the past,

when interest rates were at higher levels." YM +2.5, XM +4.0, back from highs.

- Little of note for JGBs. BoJ Gov Kuroda reiterated caution re: the limits of

further easing, which allowed futures to edge away from highs, last +5, with

yields 0.1-1.0bp lower across the curve. The breakdown of today's BoJ Rinban ops

was bland, with the size of the Bank's 1-10 Year JGB purchases held constant.