Pretty quiet so far in terms of........>

BOND SUMMARY: Pretty quiet so far in terms of price action across the core FI

space. The paper sits a touch higher, amid caution inspired by upcoming risk

events, notably the FOMC monetary policy decision and any fallout from

U.S.-China trade talks. T-Notes trade +0-01+ at 127-12+. Cash Tsy yields trade

lower a tad across the curve, while Eurodollars trade unch. to 0.5 tick higher

through the reds.

- JGB futures last deal 5 ticks above settlement at 153.82, supported by a

softer Nikkei 225. For the most part, JGB yields are trading lower at the

margin. BoJ Rinban operations covering 1-10 Year JGBs are the highlight today.

The announcement of Rinban plans for August will draw attention after hours.

- Aussie bond futures have edged higher, with YM trading 1.5 tick higher and XM

0.5 tick higher. Aussie yield curve runs slightly steeper, with yields sitting

0.5-1.4bp lower. Bills trade -1 tick to +2 ticks through the reds. Aussie CPI

data is due within half an hour's time, but official PMI readings out of China

(due shortly) will be watched as well.