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

AUSSIE BONDS: 3-Year Bond futures last trade at 97.845 (unch.), while 10-Year

Bond futures last trade at 97.315 (- 1.0 tick). The space has stuck to a tight

range, largely mirroring what has been seen in US Tsys. The domestic 3-/10-Year

yield differential is last 0.8bp steeper at 58.8bp, with some steepening

interest noted this week after last week's heavy flattening. The AU/US 10-year

yield discount has widened by around 1.2bp to 18.4bp.

- 3-month BBSW fixed 0.5bp higher today, at 2.005%, although the Bill contracts

have stuck to a tight range thus far in SFE hours, trading unchanged to a tick

higher across the white & red contracts.

- It is a light week for the domestic economic docket, curtailed by the Easter

holiday and heading in to next week's RBA decision. The broader risk tone & cues

from the US Tsy space are likely to be the drivers of price action. Westpac see

"3-Year yields as largely in the middle of their exp. tactical trading range,

with the RBA anchor supportive on any global bearish impulses. That will

continue to see good buyers off the 97.75 level in 3-Year futures, with sellers

toward 98.00 or higher. 10-Year bonds are more dependent on US outcomes."