T-Notes last +0-02+ at 131-14, with....>

BOND SUMMARY: T-Notes last +0-02+ at 131-14, with the long end notably

outperforming in cash trade. Comments from U.S. trade advisor Navarro suggesting

that it is unlikely that there will be a quick breakthrough in Sino-U.S. trade

talks supported the complex. This has allowed bulls to regroup after some late

steepening pressure came to the fore on Wednesday as U.S. Tsy Sec Mnuchin noted

that the issuance of ultra-long bonds is under "very serious consideration."

Eurodollar futures unch-0.5 ticks higher through the reds.

- Aussie Bonds stuck to a tight range, with the highlight being a brief blip

higher on the back of a soft domestic Q2 CapEx print. YM unch. & XM +1.0, with

YM/XM at 21.0. Bills sit unch.-1.0 tick higher through the reds.

- JGB futures have edged higher, and last sit 11 ticks better off, well within

the recent range. Yields a touch lower across the curve, with the long end

leading. BoJ's Suzuki added little to the policy discussion in his latest

address.