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Little to report for the core FI.......>

BOND SUMMARY
BOND SUMMARY: Little to report for the core FI space in Asia hours, with
activity relatively limited and news flow light. This left participants
assessing the state of U.S.-Iran tensions, as well as a headline Chinese CPI
print that was a touch softer than exp., but still elevated, dynamics centred on
pork prices. T-Notes holding a 0-04+ tick range, last +0-03 at 128-27. Yields
0.6-2.6bp lower across the curve, bull flattening evident. Eurodollar futures
sit 0.5-2.0 ticks higher through the reds.
- JGB futures have edged higher on the back of a solid enough 30-Year auction
which saw the price tail a touch wider than prev., cover ratio virtually steady
and low price a little above that exp. by dealers (proxied by a BBG poll).
Futures last -12 vs. settlement, with light twist steepening of the curve
evident.
- Aussie bond futures have stuck to a tight range, YM -3.0, XM -5.0, leaving the
curve a little steeper vs. settlement. Bills print 1-3 ticks lower through the
reds. No reaction to local trade data, with more of a focus on matters
surrounding corporate issuance.
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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