Macro Flow Subdued, Core FI Hug Tight Ranges

T-Notes continue to hold a 0-02 range amid little in the way of fresh catalysts. The contract last sits +0-02 at 136-26+, with cash yields virtually unchanged across the curve. Eurodollar futures trade unchanged through the reds. MNI ran an interview with Fed's Harker about QE.

• JGB futures have given up early gains and last trade at 151.90, unch. vs. last settlement. Cash JGB yield curve runs marginally flatter, with 10s outperforming. There were no changes to the sizes of the BoJ's 1-3 & 25+ Year JGB purchases today. Core machine orders and PPI printed above expectations.
• The ACGB space has been moved by the overnight impetus in U.S. Tsys. YM trades unch. & XM sits +3.5 at typing, with cash ACGB curve bull flattening a tad, as yields sit unch. to 4.5bp richer. Bills trade -1 to +1 tick through the reds. The RBA offered to buy A$2.0bn worth of ACGBs with maturities between Nov '28 and May '32. China's trade report, due at the top of the hour, will grab attention in Oz.