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Nothing Much To Rock The Boat

BOND SUMMARY

A slow start to the Asia-Pac session has seen little movement across core FI space. T-Notes remain rangebound and trade +0-01+ at 139-21+, just shy of Monday's high. Cash Tsy yields generally sit marginally above neutral levels, last unch. to +0.4bp. Eurodollars last seen unch. to +0.5 tick through the reds.

  • JGB futures have edged higher amid a poor showing from the Nikkei 225 early on. The contract last trades at 152.12, 6 ticks above settlement. Cash JGB curve runs flatter, but just a tad, even as 2s outperform ahead of today's 2-Year JGB auction. Little follow-through from Tokyo CPI data.
  • In Australia, YM -0.5 & XM unch., both happy to hug tight ranges so far. Cash ACGB curve runs marginally flatter, with yields unch. to +0.7b. Bills trade unch. to -2 ticks through the reds.

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