Price action remains tight for.........>

BOND SUMMARY: Price action remains tight for T-Notes, holding a 0-03+ tick range

thus far, unch. at 129-14+ last, with yields little changed, albeit marginally

mixed, across the curve. Tight range holds despite a decent rally in Asia-Pac

equites, with the Hang Seng leading on HK election developments. US block trades

providing the highlight flow wise, outside of roll activity. Earlier, 1x3 USF0

156.00/154.00 put spread lifted on block for 10.0K, and followed up quickly by a

10.0K lift of the 1x2 USG0 155.00/153.00 put spread on block. Eurodollar futures

trade unch. to 0.5 tick higher through the reds.

- JGB futures last 153.28, +12 ticks vs. settlement. The latest round of 1-5 &

10-25+ Year BoJ Rinban ops saw all the purchase sizes remain unchanged, with the

3-5 & 10-25 Year offer to cover ratios moderating. Elsewhere, the Nikkei

reported that the Japanese MoF is considering increasing 40-Year supply in

FY2020, which might mean reducing 5- & 10-Year issuance. The story promoted some

twist steepening of the curve.

- Little re: Aussie rate mkt specifics, focus on tomorrow's RBA addresses (Gov.

Lowe & Dep. Gov. Debelle). YM unch., XM +1.0. Bills +1 to -2 ticks thru reds.