Trump's TikTok Talk Allows Tsys To Fade Post-FOMC Downtick

T-Notes edged higher in Asia-Pac hours, last +0-01 at 139-15+, with yields running 0.4-2.3bp richer in cash trade, as the curve bull flattened. Regional Asia-Pac traders looked to fade the post-FOMC weakness in the cash space from the re-open, aided by the latest round of commentary from U.S. President Trump, which ultimately drew questions re: the prospects for the TikTok-Oracle deal.

• JGB futures continued to lack any real traction above the psychological 152.00 level, last printing +3 at 152.02. Yields were generally a touch richer across the curve, with swaps running a touch wider vs. JGBs. All in all, there were no surprises at the latest BoJ monetary policy decision, with the existing monetary policy settings and forward guidance maintained, while the BoJ provided a slightly more upbeat view on the economy, albeit with a sense of caution evident. Kataoka was the dovish dissenter, as usual.
• Aussie bond futures experienced some chop, albeit in fairly tight ranges, going offered in early trade (on little news), before participants had to deal with the broader defensive feel to the session and stronger than expected domestic labour market data. Ultimately the cash and futures space sits a little flatter, with YM -0.5 and XM +1.0.