T-Notes have stuck to a very tight.....>

BOND SUMMARY: T-Notes have stuck to a very tight range ahead of today's FOMC

decision, with cash Tsys closed and a large chunk of Asia out on holiday. U.S.

Tsy Sec Mnuchin noted that he had "a nice working dinner" with China's top trade

envoy Liu, on Tuesday. The trade talks are ongoing. T-Notes last trade at

123.21. Eurodollar futures trade 0.5 tick lower to 0.5 tick higher through the

reds.

- Aussie bond futures have edged higher in SFE trade, and now operate around

neutral levels, drawing support from the disappointing NZ labour market data

from across the Tasman. The latest round of domestic CoreLogic House price data

saw the M/M rate of decline slow to -0.5%, from -0.7%. YM last trades unch.,

with XM +0.5 tick. YM/XM trades at 54.0 ticks, with the cash equivalent at

49.9bp. Bills trade 2 ticks lower to 2 ticks higher through the reds, with the

whites underperforming.

- Bunds & JGBs are closed for their respective national holidays.