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Not much new on the wires so far,......>

BOND SUMMARY
BOND SUMMARY: Not much new on the wires so far, with the main item on regional
docket being Chinese inflation numbers, due at the bottom of the hour. T-Notes
have been happy to hold a tight range and last trade -0-02 at 139-04. Yields sit
unch. to 0.6bp richer across a marginally flatter curve in cash trade.
Eurodollar futures last seen unch. to -0.5 through the reds.
- JGB futures had a look above overnight highs, but after topping out at 152.05
pulled back from there and last sit at 152.01, 2 ticks below settlement. Yields
sit lower across the curve, with light outperformance seen in the super-long
end. Not much of interest in the opening remarks from BoJ Gov Kuroda and focus
turns to flash machine tool orders & 5-Year JGB supply.
- In Australia, YM trades -1.0 & XM -3.0. Yield curve has bear steepened,
playing catch up with overnight moves in U.S. Tsys. Bills sit -1 to +1 tick
through the reds. Aussie housing finance data comes out at the bottom of the
hour. News-wise, Sino-Australian tensions continue to garner attention, but
markets have been unfazed so far.

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