Little new to rock the boat so far,....>

BOND SUMMARY: Little new to rock the boat so far, with regional equity

benchmarks creeping higher on a positive lead from Wall St. Covid-19 matters

retain centre stage. T-Notes trade +0-01+ at 139-03. Yields sit 0.6-1.3bp lower,

curve runs flatter in cash trade. Eurodollars are unch. to +0.5 tick thru reds.

- JGB futures have been bid despite a positive showing from the Nikkei 225 so

far. The contract last trades at 152.30, 9 ticks below settlement. Yields are

mixed, with the long end outperforming. The BoJ has drawn some attention after

local media reported that next week's meeting will be shortened to 1 from the

usual 2 days (NHK), while policymakers are said to be considering additional

monetary easing (Jiji). After the release of horrific flash Jibun Bank PMI

readings, the focus turns to 2-Year JGB supply.

- In Australia, YM -0.5 & XM -2.5. Yields last seen 0.6-2.4bp higher across a

mildly steeper curve. Bills sit unch. to -2 ticks through the reds. Just like in

Japan, local flash CBA PMI readings were the worst on record. Meanwhile,

preliminary trade data revealed decent increases in both imports & exports. The

RBA offered to buy A$500mn of ACGBs with maturities of May '28 - Nov '29.