3-Year Bond futures last trade at......>

AUSSIE BONDS: 3-Year Bond futures last trade at 97.810 (-1.5 ticks) while

10-Year Bond futures  last trade at 97.280 (-0.5 tick).

- The space has recovered from its post-FOMC lows with Fed Chair Powell

highlighting that there is "no sense in the data that inflation about to

accelerate." This helped put a base on the space.

- The domestic labour market provided a slightly softer than exp. headline job

addition, while the unemployment rate unexpectedly ticked higher, which

attracted an fresh bid bids to the space.

- The domestic 3-/10-Year yield differential last traded at 60.4bp (-0.7bp),

while the AU/US 10-Year spread sits at -16.9bp (+2.9bp).

- 3-Month BBSW fixed 1bp higher today, with the white to red Bill contracts

unchanged to 5 ticks lower last.