The ratcheting up of tensions in the...>

BOND SUMMARY: The ratcheting up of tensions in the Sino-U.S. trade war, which

ultimately saw the USD/Yuan crosses trade above 7.00, put a bid into core global

FI, with further support noted on the back of BBG headlines which suggested that

China is said to have asked state buyers to halt imports of U.S. agricultural

products, in addition to the PBoC justifying the CNY devaluation.

- T-Notes took out Friday's highs and last deal +0-22 at 129-17+, with yields

7.0-7.9bp lower across the curve. 10-Year cash Tsys yield 1.77% at writing. The

highlight flow-wise was probably a 15.0K buyer of the TYU9 131.50 calls.

Eurodollar futures trade 4.5-10.0 ticks higher through the reds.

- JGB futures registered fresh all time highs on the move, and last deal 33

ticks better off, just shy of their peak. 10-Year JGB yields are testing the

lower end of the range permitted by the BoJ, -0.20%.

- Aussie Bond futures also followed the broader impetus, with YM last +5.5 and

XM +6.0. YM/XM little changed on the day at 36.5 ticks. Bills deal 2-7 ticks

higher on the day. Aussie cash bonds were closed, owing to a NSW holiday.