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The initial risk-off feel has ebbed....>

BOND SUMMARY
BOND SUMMARY: The initial risk-off feel has ebbed away, although it is hard to
pin it on any particular catalyst. Headline flow has been light, after news from
over the weekend were negative, on balance. Just worth reminding that China
returns from its long weekend today.
- T-Notes last sit -0-01 at 139-06, with yields marginally mixed in cash trade.
Eurodollar futures last seen unchanged to -0.5 tick through the reds.
- JGB futures last trade at 152.17, 3 ticks above the Tokyo settlement. Yield
curve runs a tad steeper in cash trade. The BoJ left the sizes of its 5-25 Year
JGB purchases unchanged during today's Rinban ops. Retail sales data undershot
estimates.
- In Australia, YM -0.5 & XM is unch., while cash ACGB yields are marginally
mixed across the curve. Bills are unch. to +1 tick through the reds. Jitters
surrounding Sino-Australian tensions & Victoria Covid-19 situation have garnered
some attention.

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