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Little new to report so far, with......>

BOND SUMMARY
BOND SUMMARY: Little new to report so far, with markets left to digest the
recent risk developments. The Commons' vote on Brexit legislation has taken the
centre stage lately, with MPs rejecting PM Johnson's proposal to fast-track his
Withdrawal Agreement Deal, which may result in another delay. Core FI remain
range bound; the initial risk-off feel has dissipated somewhat. T-Notes last
trade +0-03 at 129-29. Cash Tsy yields sit 0.4-1.4bp lower, with some bull
steepening evident. Eurodollars trade 0.5-2.0 ticks higher through the reds.
- Japanese markets reopen after a local holiday. JGB futures last deal 3 ticks
better off at 154.10. Cash JGB yields sit a touch lower across the curve. The
Nikkei 225 slid from the off, but has moved back into positive territory since.
- Aussie bond futures sit higher, YM +2.5 & XM +4.5. Aussie yield curve runs
flatter, with yields last seen 2.5-4.3bp lower. Bills trade 1-2 ticks higher
through the reds. Little reaction noted to the local skilled vacancies number,
which printed at -0.7% M/M vs. the prior -0.4%. The AOFM auctioned A$800mn worth
of the 2.75% 21 Nov 2029 ACGB, drawing the cover ratio of 3.10x (prev. 2.28x).
RBA Asst Gov Kent spoke about the LIBOR reform, didn't mention MonPol.

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