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Little to write home in terms of.......>

BOND SUMMARY
BOND SUMMARY: Little to write home in terms of major risk events so far. Some
geopolitics on the wires, but not much in terms of mkt reaction; Saudi-led
coalition launched a military operation in Yemen, while NHK reported that North
Korea may be readying a submarine capable of launching ballistic missiles.
- T-Notes are range-bound, last trade -0-04 at 129-15, with Eurodollar contracts
last seen unch. to -2.0 ticks through the reds. Cash Tsy yields sit close to
neutral levels at writing. In recent U.S. news, President Trump met with
Facebook chief Zuckerberg.
- JGB futures round tripped from an early high of 154.77, last trade 9 ticks shy
of settlement at 154.68. Cash yields generally sit marginally lower, save for
the super-long end. Focus turns to the next round of 5-25+ Year Rinban ops.
Japanese core CPI slowed to +0.5% Y/Y, in line with expectations. 
- Aussie bond futures trade higher, aided by the front-loading of NAB's call re:
RBA easing after Citi brought forward theirs. Both YM and XM trade +2.5 ticks.
Bills last seen 1-3 ticks higher through the reds. Aussie bond yields sit
2.2-2.8bp lower across the curve.

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