Today's Asia-Pacific session saw the...>

BOND SUMMARY: Today's Asia-Pacific session saw the release of softer than exp.

Australian house price index, alongside the latest RBA meeting minutes, which

reiterated that there is no strong case for a near-term rate adjustment.

- Aussie bond yields ebbed lower through the session, finishing 4.1 to 5.3bp

lower across the curve. The 3-Year yield tested the water below the the RBA cash

rate for the first time since 2016 and finished at 1.493%. YM last seen at

98.55, XM at 98.065, with YM/XM at 48/50.

- T-Notes edged higher overnight and last trade +0.01+ at 122.28+, with U.S.

10-Year cash Tsy yield sitting at 2.596%, while cash yields are trading 0.5 to

1.0bp lower across the curve. Eurodollar contracts are trading 0.5 to 1.0 tick

higher through the reds.

- JGB futures eased off after touching intraday highs on the back of a strong

20-Year JGB auction, which attracted the highest demand since Jan 2014. They

were last seen at 152.81, 3 ticks above settlement, with cash yields 1.4bp lower

to 0.6bp higher across the curve.

- Bunds -0.01 at 164.26, Bobls -0.01 at 132.42, Schatz -0.01 at 111.815.