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Little noted in the way of broader.....>

BOND SUMMARY
BOND SUMMARY: Little noted in the way of broader headline risk matters
overnight, although the escalating U.S.-Huawei situation provided some support
in early dealing, but T-Notes failed to breach Wednesday's high. T-Notes last
124.22, 10-Year cash Tsy yields last 2.371.
- Aussie bond futures spiked to fresh all time highs as the labour market data
revealed a surprise increase in the unemployment rate, before fading as job
growth topped expectations (albeit driven solely by part-time work) and as
profit taking on some options positions kicked in. The participation rate was
the driver behind the uptick in the unemployment rate, with underemployment also
edging higher. YM trades +3.0 ticks, with XM +3.5 ticks. YM/XM deals at 47.5
ticks, with the cash equivalent at 43.9bp. Bills trade 2-4 ticks higher through
the reds.
- JGBs trade in a tight range, with little reaction to the latest comments from
BoJ Deputy Governor Wakatabe, who offered little new, while the latest 5-Year
auction also failed to provide any notable activity.
- German FI a touch higher; Schatz +1.0 tick, Bobls +4.0 ticks, Bunds +14 ticks.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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