Tsys were happy to meander along in....>

BOND SUMMARY: Tsys were happy to meander along in Asia-Pac hours, holding a

tight 0-04 range ahead of the latest round of monthly NFP data and the elongated

Independence Day weekend. Contract last +0-01 at 138-31+, yields virtually

unchanged across the curve. Market remains at ease with the latest escalation in

Sino-U.S. tension, while the minutes from the Fed's latest monetary policy

decision showed a broad desire for a deepening of forward guidance (in one way

or another) and widespread uncertainty/differing views re: the prospect of YCC.

- A similar story for Aussie bond futures, with little to wet the whistle

domestically, in addition to a fairly limited Asia-Pac session on the headline

front. YM unch., XM -0.5.

- A solid round of 10-Year JGB supply and another uptick in new COVID-19 cases

in Tokyo supported JGB futures in afternoon trade, allowing them to reverse

their overnight/morning losses, with the contract printing unchanged at typing.

10s now outperform on the curve in cash trade in the wake of supply, although

yields are higher further out the curve, with worries over longer end supply

dynamics still evident.