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Not too much to surprise on the news...>

BOND SUMMARY
BOND SUMMARY: Not too much to surprise on the news wires so far, with bubbling
Sino-U.S. tensions seemingly inspiring participants to remain cautious, to the
benefit of core FI. T-Notes last trade -0-01+ at 139-04, with bull flattening
evident in cash trade. Eurodollars last seen unch. to -0.5 tick through the
reds.
- JGB futures have crept higher and last sit at 152.38, 11 ticks above
settlement. Cash yields are lower across the curve. Japan reported a wider than
expected trade deficit today, while the BoJ left the sizes of its 1-5 Year JGB
purchases unchanged.
- Meanwhile, the RBA refrained from buying ACGB/semis again. At typing, YM sits
+0.5 & XM +2.0. Cash curve has twist flattened a tad. Bills trade unch. to -2
ticks through the reds. Local flash PMI readings were grim, but CBA commentary
saw light at the end of the tunnel. Focus turns to a panel discussion with RBA
Gov Lowe, while it is worth remembering that ~A$3.13bn worth of ACGB coupons are
paid out today.

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