Yesterday's FOMC MonPol decision,......>

BOND SUMMARY: Yesterday's FOMC MonPol decision, widely deemed less dovish than

expected, has remained in focus in Asia hours. Pressure in U.S. Tsys observed

since the Tokyo open has spilled over into the core FI space. T-Notes slid and

last trade -0-04+ at 127-09. Cash Tsy yields have advanced since the open, while

Eurodollars trade -1.0 tick to +0.5 tick through the reds.

- JGB futures trade 6 ticks worse off at 153.74, even as the final reading of

Japanese m'fing PMI came in softer than the flash estimate. JGB yield curve has

twist flattened a touch. Coming up today are comments from BoJ Dep Gov Amamiya

and 10-Year JGB supply.

- Aussie bond futures have softened, YM last trades 3.0 ticks lower, with XM 2.0

ticks worse off. Aussie yield curve runs flatter, with yields trading 1.3-3.0bps

higher. Bills are trading 3-4 ticks lower through the reds. The spill-over from

U.S. Tsys has overshadowed local data releases. AiG m'fing PMI returned to

expansionary territory, while final CBA tally showed a slower expansion than the

flash est; CoreLogic House Price Index was +0.1% M/M vs. the prev. -0.1%. We are

still waiting for Q2 terms of trade.