T-Notes Edge Higher After U.S. Holiday

T-Notes have climbed in early Asia-Pac trade and last trade +0-04 at 139-05, the new session high, as e-minis have faded their initial uptick. The contract has stuck to a narrow 0-02+ range thus far, amid little to move the needle in any meaningful way. Cash Tsy yields are slightly lower across the curve, with belly outperforming, as trading resumes after a U.S. holiday. Eurodollar futures last seen unch. to +1.0 tick through the reds.

• JGB futures have pushed higher and sit +13 at 151.88, comfortably above overnight highs as we type. Cash JGB yields sit lower, with curve flattening apparent. Japanese calendar is rather data-heavy today, but the space has been unfazed by final GDP, BoP data & earnings/spending figures. Coming up later in the day we have the latest Eco Watchers Survey and 5-Year JGB supply.
• Down under, YM unch. & XM +1.0. Yields sit marginally higher (save for 10s) in cash trade. Bills trade unch. to -1 tick through the reds. The AOFM auctioned A$100mn worth of '30 I/L Bond. Focus moves to NAB Business Confidence, due shortly.