Tight Start For Core FI, RBA SoMP & ACGB Supply Eyed

T-Notes have stuck to a 0-02 range so far, with little to rock the boat on the wires. The contract last sits -0-02 at 132-19+. Cash Tsy yields are unch. to marginally lower, while Eurodollars run unch. to -0.5 tick through the reds. The monthly NFP report & Fedspeak from Barkin headline the local docket.

• JGB futures hold steady and trade at 151.42, unch. vs the previous settlement, following the confirmation that the gov't wants to extend & expand the Covid-19 state of emergency. Local wage data overshot expectations. Cash JGB yields are unch. to slightly lower, with 3s outperforming. The MoF will hold a liquidity enhancement auction for off-the-run JGBs with 1-5 Year until maturity today.
• YM trades flat, with XM +1.5, both have held narrow ranges. Cash ACGB curve has flattened a tad, with yields last seen +0.1bp to -1.4bp. Bills trade unch. to -1 tick through the reds. The RBA's SoMP, A$800mn of ACGB 0.25% 21 Nov '24 supply & the AOFM's weekly supply schedule take focus from here. China's Caixin Services PMI & trade balance will also provide some interest.