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The last trading day of the month in...>

BOND SUMMARY
BOND SUMMARY: The last trading day of the month in Asia was very quiet. News
flow was sparse and lacked signals re: major risk factors. Core FI generally
trade a touch softer. T-Notes last -0-01+ at 129-14, cash Tsy yield curve has
twist steepened a touch. Eurodollars unch. to +1.0 tick through the reds.
- JGB futs faced some selling pressure from the off, but pared losses and now
trade at 153.16, -13 ticks vs. settlement. Cash yield curve sits slightly
higher, runs a bit steeper. Little follow-through noted on the back of Japanese
data, including a larger than exp. slide in industrial output. Locally, talk of
a potential deployment of a large fiscal stimulus package, coupled with
positioning ahead of today's publication of the BoJ's bond purchase schedule for
next month may have applied some pressure to JGBs. Several rounds of comments
from BoJ Gov Kuroda had little impact on price action.
- Aussie bond futs eased off a touch, despite lack of any obvious catalysts; YM
-2.5 & XM -4.0. Aussie yield curve bear steepened. Bills sit 1-3 ticks lower
through the reds. The AOFM published its weekly issuance schedule (covered in an
earlier bullet). Worse than exp. Aussie private sector credit data was ignored.
MarketsFixed Income Bullets
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