Risk appetite breathed a sigh of.......>

BOND SUMMARY: Risk appetite breathed a sigh of relief, but only a brief one as

U.S. Tsy denied Saturday that the Trump admin has plans to block Chinese firms

from listing on U.S. exchanges. The statement was a response to Friday's BBG

report, which noted that the U.S. considers a range of measures that would limit

U.S. capital flows into China. Yet, investors were quick to spot that the Tsy's

communique didn't address the potential for measures other than delisting.

T-Notes have inched higher despite a lower open, last trade -0-03+ at 130-09.

Cash Tsy yields little changed, Eurodollars -0.75 to -2.0 ticks thrureds.

- JGB futures have eased off, last trade at 155.07, 10 ticks shy of settlement.

Cash JGB yields are a touch higher, the curve runs steeper. Local data was

mixed, with a beat in retail sales and a miss in flash industrial output. The

Summary of Opinions from the latest BoJ MonPol meeting showed that members

discussed pros/cons of more stimulus. Focus turns to 1-5 year BoJ Rinban ops.

- Aussie YM +0.5 tick, XM -1.5 tick. Aussie yield curve has twist steepened.

Bills trade -1 to +1 tick through reds. Focus turns to A$400mn worth of ACGB

3.25% 21 Apr 2029 supply at the top of the hour & China's PMI data.