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Little to write home for core FI.......>

BOND SUMMARY
BOND SUMMARY: Little to write home for core FI space so far, with the ongoing
EuCo summit eyed. T-Notes have edged lower and last trade +0-00+ at 139-13, amid
a mild uptick in e-minis, as some cautious optimism surrounding Oxford Covid-19
vaccine research continues to linger. Marginal steepening has crept into U.S.
Tsy yield curve in cash trade. Eurodollars are unch. to +0.5 tick thru reds.
- JGB futures have swung both ways, but now trade at unchanged levels (152.37 as
we type). Yields have ticked lower across the curve, save for 30s as the
long-end struggles ahead of today's 20-Year JGB supply. Japanese CPI readings
roughly fell in line with expectations.
- In Australia, YM is unch. & XM trades +1.5 tick, as participants await RBA Jun
MonPol meeting minutes & RBA Gov Lowe's speech on "COVID-19, the Labour Market
and Public-Sector Balance Sheets". Yield curve has bull flattened a tad, on a
lead from overnight moves in Tsys. Bills trade unch. to -1 tick through the
reds. PM Morrison is expected to unveil the details on the extension of the
JobKeeper & JobSeeker programmes today.

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