3-Year Bond futures are back from......>

AUSSIE BONDS: 3-Year Bond futures are back from session highs, last trading at

97.845 (+0.5 tick), while 10-Year Bond futures last trade at 97.340 (unch.)

- The domestic 3-/10-Year yield is last 0.6bp steeper at 56.5bp, while the AU/US

10-year yield discount has widened by around 1.7bp to 16.8bp.

- 3-month BBSW fixed 0.5bp higher today, at 2.00%, which has led to IRM8 & IRU8

trading 1 tick softer, while the remainder of the white & red contracts are

unchanged to a tick higher.

- It will be a light week for the domestic economic docket, curtailed by the

Easter holiday. Therefore focus will likely fall on the broader risk tone & cues

from the US Tsy space.

- 10-Year Bond future's bounce from the 55-DMA last week sees the contract

flirting with the Bollinger top (97.3415) and pressuring the 97.3850 resistance.

Bulls now need a close above 98.3850, while bears now need a close below 97.2750

to ease bullish pressure and below 97.1750 to target 2018 lows.