The major bond markets traded in a.....>

BOND SUMMARY: The major bond markets traded in a very limited manner overnight,

with JGBs closed until next Tuesday owing to the elongated Golden Week holidays,

and a lack of market moving headlines evident in Asia-Pacific hours.

- The only story of note focused on the U.S.-China trade situation, with U.S.

Tsy Sec Mnuchin suggesting that the trade negotiations between the two countries

are in 'the final laps.

- Cash Tsys will be closed in Asian hours during the Japanese holidays. T-Notes

last 123.21, with Eurodollar futures unchanged to 1.0 ticks higher through the

reds. Focus today turns to monthly PCE data.

- Aussie Bonds have also stuck to a tight range. YM last -0.5 tick, with XM down

1.0 tick. YM/XM trades at 53.0 ticks, with the cash equivalent at 48.9bp. Bills

trade 1-2 ticks lower through the reds. The latest ACGB auction had no lasting

effect on futures.

- German FI futures have stuck to very tight ranges thus far, Schatz -1.0 tick,

Bobls -1.0 tick, Bunds -7 ticks.