On The Lookout For Fresh Catalysts

T-Notes edged higher in early Asia-Pac trade, possibly on the back of aforementioned BBG source piece surrounding the U.S.-Iranian tension. Other than that, there has been little to rock the boat on the wires. The contract last trades +0-02 at 132-19 after printing a session high at 132-20, just shy of Wednesday's peak at 132-20+. Cash Tsy yields run unch. to 0.3bp lower across the curve. Eurodollar futures trade unch. to +1.0 tick through the reds.

• JGB futures re-opened on a firmer footing and last sit at 151.56, just 1 tick above Wednesday's settlement. Cash JGB yields sit lower, with 20s outperforming at the margin. There is little of note on the local docket today, with 6-Month Bill auction coming up.
• Cash ACGB curve has twist flattened, with yields last seen +2.0 to -1.5bp. Futures are subject to similar dynamics, as YM trades -1.5, with XM last +1.5. Bills run unch. to -2 ticks through the reds. NAB Business Confidence & the scheduled round of ACGB purchases from the RBA take focus from here.