Not much to write home so far,.........>

BOND SUMMARY: Not much to write home so far, headlines have been few and far

between & regional data docket is very thin today. Core FI are happy to hold

tight ranges, as they edge higher amid a broader cautious feel.

- T-Notes have inched higher and last trade +0-05 ticks at 137-30+. Yield curve

has bull flattened in cash trade. Eurodollars last seen unch. to +1.0 tick

through the reds.

- JGB futures also crept higher early on, but already sit off highs, last at

151.75, that is -1 tick vs. settlement. Yields sit slightly lower across the

curve. Japan's household spending shrank slightly less than expected. Elsewhere,

the BoJ upped the size of its 5-10 Year JGB purchases, while leaving the sizes

of 1-3 & 3-5 ops unchanged. 

- Australian YM trades unchanged, with XM last -4.0. Curve runs steeper, with

yields sitting higher. Bills trade unch. to -1 tick through the reds. The AOFM

auctioned A$1.0bn worth of ACGB 1.25% 21 May 2032, drawing a bid/cover ratio of

3.7250x (prev. 3.7125x).