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The early Asia-Pacific hours saw.......>

BOND SUMMARY
BOND SUMMARY: The early Asia-Pacific hours saw post-EU summit press conferences
from UK PM May, as well as EU's Tusk & Juncker. The EU agreed for a short
extension to Art. 50, aimed at allowing the UK to decide on the future of
Brexit. Elsewhere, news feeds were rather quiet. T-Notes edged higher and last
trade +0.02+ at 123.14, while U.S. cash Tsy yields are trading 0.9 to 1.3bp
lower across the curve, with the 10-year yield last seen at 2.526%. Eurodollar
contracts last trade 0.25 tick lower to 1.5 ticks higher through the reds.
- JGB futures last trade at 152.96, 23 ticks above settlement. They rallied from
off, playing catch-up to the post-FOMC move in U.S. Tsys, as Japanese markets
reopened after yesterday's national holiday. Yields are trading 0.6 to 1.0bp
lower across the curve. Worth mentioning the 10-year yield touched the lowest
level since Nov 2016. Elsewhere, the releases of Japanese CPI and Nikkei m'fing
PMI were largely shrugged off.
- Aussie bond yields are trading 2.5 to 5.0bp lower at writing. YM last 2.5
ticks higher at 98.605, XM 4.0 ticks higher at 98.160, with YM/XM at 44.50.
Bills are trading 1-4 ticks through the reds.

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