Month-End In Sight

T-Notes trade +0-00+ at 138-06+ as we type (quoting the March contract), holding to a 0-02+ range. Macro headline flow has been light this morning, with S&P 500 & DJIA e-minis turning red after the initial uptick, crude oil still pressured & focus on Tsy +ve month-end rebalancing flows/sizeable month-end duration extension estimates. Cash Tsy yields trade mixed, little changed across the curve. Eurodollar futures run unch. to 0.5 tick lower through the reds.

• JGB futures have gone offered, as the Nikkei 225 has erased its earlier gains, and last trade at 152.03, 2 ticks shy of last settlement. Cash JGB curve runs flatter at the margin. There were no changes to the BoJ's purchase sizes at today's round of Rinban ops. Flash industrial output topped exp., while retail sales were roughly in line with forecasts.
• Little movement in Aussie bond futures so far, with YM unch. & XM +1.0 as we type. Cash ACGB yields trade unch. to -1.5bp lower across the curve and a marginal degree of flattening creeping in. Bills trade unch. to -1 tick through the reds. The space has shown little reaction to a coupled of Q3 GDP partials released earlier today. Elsewhere, the RBA offered to buy A$2.0bn of ACGBs with maturities of Nov '24 - May '28, excluding Nov '25.