The broader FI space has edged.........>

BOND SUMMARY: The broader FI space has edged higher in early Asia-Pac trade

today. In terms of global news, focus has fallen on Brussels, where the EU

granted the UK a short extension to Art. 50. The UK is now to decide on Brexit

future until April 12. T-Notes last trade +0.01 at 123.12+, with U.S. 10-year

cash Tsy yield at 2.532% and cash yields trading 0.5 to 1.0bp lower across the

curve. Eurodollar contracts are trading unch. to 1.0 tick higher through the

reds.

- JGBs have emerged from yesterday's market closure, owing to a national

holiday, playing catch-up to the post-FOMC move in U.S. Tsys. JGB futures last

trade at 152.94, 21 ticks above settlement. Cash yields trade 0.7 to 3.4bp lower

across the curve. Worth noting Japanese 10-year yield hit the lowest level since

Nov 2016 today. The releases of Japanese CPI & m'fing PMI have been largely

ignored thus far.

- Aussie bond yields are trading 1.4 to 3.5bp lower across the curve. YM last

+1.5 tick at 98.595, XM +2.0 ticks at 98.140, with YM/XM slightly lower at

45.00. Bills are trading 1-3 ticks higher through the reds.