Risk-off flows evident in..............>

BOND SUMMARY: Risk-off flows evident in Asia-Pacific equities owing to the

ratcheting up of U.S.-China trade hostilities in the tech space made for

consolidation/a slight extension of Wednesday's core global FI bid during

Asia-Pacific hours.

- T-Notes last +0-02+ at 124-16+, U.S. 10-Year cash Tsy yields last at 2.379%,

with yields marginally lower across the curve. Eurodollar futures trade 0.25 to

3.0 ticks higher through the reds.

- ACGBs played catch up to the overnight moves in early cash trade, with YM last

+2.5 ticks and XM up 4.5 ticks. YM/XM trades at 44.5 ticks, with the cash

equivalent at 42.2bp. Bills trade 1 tick lower to 3 ticks higher through the

reds.

- JGB futures trade 6 ticks above settlement, with yields marginally mixed

across the curve.

- German FI futures have followed the broader trend. Schatz +0.5 tick, Bobls

+7.0 ticks, Bunds +25 ticks.