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The Iranian response to the U.S........>

BOND SUMMARY
BOND SUMMARY: The Iranian response to the U.S. killing the individual dubbed the
second most influential in Iran has generated a strong bid for core FI in early
Asia-Pac trade, with the IRGC striking a couple of U.S. installations in Iraq
(although no U.S. casualties have been reported). T-Notes +0-12+ at 129-17+
after the pullback gathered some steam on confirmation that there would be no
evening comment from U.S. President Trump (who tweeted "all is well"). He will
speak on Wednesday, with the pullback in Tsys also aided by the lack of
immediate response from the U.S. Pockets of selling had shown up all the way
through the latter part of the rally, which many have attributed to profit
taking from pre-positioning. Yields sit 3.0-4.3bp lower across the curve,
Eurodollar futures trade 2.0-5.0 ticks higher through the reds.
- Aussie bonds see YM +2.0, XM +3.0, with YM/XM 1.0 tick flatter at 44.0. Bills
print 1-3 ticks higher through the reds. Local building approvals data was much
stronger than expected, as was job vacancies data, but geopolitics far
outweighed local data.
- JGB futures +2, 20s & 30s outperformed in cash trade.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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