News wires have calmed down after a....>

BOND SUMMARY: News wires have calmed down after a flurry of Brexit headlines

that came out overnight. With familiar risk developments still in focus, there

seems to be little new to write home. Australian labour market report has been

the main point of note on the regional data docket. Markets responded by

trimming RBA easing bets as headline unemployment rate and participation rate

both ticked lower, while employment nearly matched expectations, driven by the

addition of full-time jobs. Underemployment/underutilisation also edged lower.

- Aussie bond futures dipped, both YM & XM trade -1.5 at typing. Cash yield

curve runs flatter, yields sit 0.9-1.8bp better off. Bills are trading 1-3 ticks

lower through the reds. Little reaction seen to a speech from RBa Dep Gov

Debelle, who warned against deterioration in Aussie construction activity.

- T-Notes last trade +0-05 at 130-04+, while cash Tsy yields sit 1.2-1.5bp lower

across the curve. Eurodollars last seen 0.25-1.0 tick higher through the reds.

- JGB futures are -9 ticks at 154.26, while cash JGB yields are broadly higher.

The Nikkei 225 oscillates around neutral levels. The upcoming 5-Year JGB supply

headlines the local calendar today.