The early part of today's..............>

BOND SUMMARY: The early part of today's Asia-Pacific session has been pretty

uneventful, amid a particularly light regional calendar and little new in the

way of news headlines. The NY/Tokyo crossover saw the Fed reject involving

political considerations in its policymaking, after ex-NY Fed Pres Dudley called

upon current central bankers not to give U.S. Pres Trump more leeway to escalate

his trade war by engaging in excessive monetary easing.

- T-Notes last trade +0-04+ at 131-09, just shy of highs at 131-11. Cash Tsy

yields sit 0.2-2.1bp lower across the curve, with the 2-Year/10-Year curve still

inverted. Eurodollars last seen unch. to 2.0 ticks higher through the reds.

- JGBs picked up a bid before fading, all in sync with the Nikkei 225's brief

foray into negative territory; the paper last deals at 155.27, 13 ticks above

settlement. Japanese yields are broadly lower.

- In Australia, YM trades +1.0 tick, with XM +3.0 ticks. Aussie bond yields deal

0.2-5.2bp lower, with curve flattening evident. Bills trade unch. to 2 ticks

better off through the reds. The supply of A$800mn worth of ACGB 2.50% 21 May

2030 and Q2 completed construction work are due later in the session.