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

AUSSIE BONDS: 3-Year Bond futures moved back from session lows as buyers steeped

in in front of the Bollinger band base (97.79) last trading at 97.820

(unchanged), while 10-Year Bond futures last trade at 97.330 (-3.0 ticks).

- The domestic 3-/10-Year yield differential sits 3.3bp steeper at 49.7bp, while

the AU/US 10-Year yield spread has widened by 0.9bp to -15.2bp.

- 3-Month BBSW's run of failing to fix lower came to an end today, as it fell by

1.0bp, with the white & red Bill contracts last trading 1 to 2 ticks higher.

- From a technical perspective, 10-Year Bond future's topside follow through has

been lacking on fresh 2018 highs with Wednesday's sell-off seeing focus back on

layers of support between 97.1750-2930 where key DMAs are noted. Bears now look

for a close below 97.1750 to confirm focus on 97.0450-0800 where 2018 lows are

found. Bulls now need a close above 97.4000 to ease bearish pressure.