Most of the major bond markets.........>

BOND SUMMARY: Most of the major bond markets continue to operate around their

Tuesday peaks, with little in the way of fresh catalysts evident in early

Asia-Pacific hours.

- T-Notes last at 123.04+, U.S. 10-Year cash Tsy yields last 2.565%. Eurodollar

futures trade 0.5 tick lower to 0.5 tick higher through the reds, on very

limited volume.

- Aussie bond futures await domestic CPI data. YM last +2.0 ticks, with XM +1.0

tick. YM/XM trades at 51.5 ticks, with the cash equivalent at 47.5bp. Bills

trade unch.-2 ticks higher through the reds.

- JGB futures trade 7 ticks higher at 152.63, with participants awaiting the

latest round of BoJ Rinban operations. Super-long paper has experienced some

slight outperformance in early trade.

- German fixed income futures trade virtually unchanged. Schatz unch. Bobls +1.0

ticks, Bunds +4 ticks