The Asia-Pac session saw comments......>

BOND SUMMARY: The Asia-Pac session saw comments from RBA's Bullock, who pointed

to the soft AU housing mkt. Worth noting that the RBA remains concerned with the

impact of falling house prices on consumption, while market exp. of the RBA to

deliver a cut to its cash rate by the year-end are rising. Aussie bond yields

trade 1.8bp lower to 1.7bp higher across the curve, with the shorter end

outperforming. After dipping below the RBA cash rate of 1.50% for the first time

since 2016 yesterday, 3-Year bond yield has ebbed lower today and last trades at

1.478%. YM last trades +1.5 at 98.565, XM is unch. at 98.065, with YM/XM +1.5

tick at 50.00. Bills are trading 1 to 3 ticks higher through the reds.

- JGB futures ebbed lower, as the Nikkei 225 recovered, and last trade -0.08 at

152.73. Cash yields are trading 0.1-1.6bp higher across the curve. Worth

mentioning today the BoJ left the size of its 5-10 Rinban ops unch. at Y480bn.

- T-Notes stuck to a tight range and last trade at 122.25. U.S. cash Tsy yields

are trading 0.2 to 0.5bp lower across the curve, with 10-Year yield at 2.607%.

Eurodollar contracts are trading unch. to 0.5 tick lower through the reds.

- Bunds -0.04 at 163.92, Bobls -0.01 at 132.32, Schatz -0.01 at 111.80.