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Today's Asia-Pacific session has seen.........>

BONDS
BONDS: Today's Asia-Pacific session has seen little in the way of news flow, but
this was compensated by a number of regional data releases. A modest risk-on
tone crept in after Chinese Caixin m'fing PMI topped forecasts, although the
index remained in contractionary territory.
- T-Notes last deal -0.02+ at 121.29+. Cash yields are unchanged to a touch
higher, with the U.S. 10-Year cash Tsy yield last seen at 2.717%. Eurodollar
contracts are trading unch.-1 tick lower through the reds.
- JGB futures finished the morning session at 152.67, 7 ticks below settlement,
after following Tsys lower in overnight trade. The final Feb Japanese Nikkei
m'fing PMI reading confirmed that the index had moved into contractionary
territory for the first time since 2016, which may have provided some support
for the space. Yields trade 0.5-1.9bps higher across the curve, back from the
early highs.
- Aussie bond yields are higher across the curve. YM trades -3.5 ticks at
writing, with XM -4.0 ticks, while YM/XM trades marginally higher at 47.00.
Bills trade 1-3 ticks lower through the reds.

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