A busy session for the space...........>

AUSSIE BONDS: A busy session for the space. Australian bonds had already taken a

hit on the back of local data, so were a little more reticent to sell off on the

back of the latest round of positive Sino/U.S. trade headlines. Failing to break

the early SFE session lows. YM finished -5.0, with XM -6.0, as YM/XM steepened

by 2.0, closing at 35.0. As a reminder, stronger than exp. quarterly retail

sales volumes seemingly outweighed the larger than exp. downtick in monthly

retail sales (with the latter showing some partial payback from Black Friday).

- Elsewhere, the ruling coalition saw a re-shuffle of its cabinet, while PM

Morrison warned of a "significant" hit to the economy via the Chinese

Coronavirus.

- Bills finished 3-4 ticks lower through the reds.

- RBA re-pricing continues in IB strip, with Westpac noting a potential need to

push back their April call re: further easing. The space isn't pricing in 25bp

worth of cuts until the Nov meeting as of the close.

- The RBA SoMP, semi-annual testimony from RBA Gov. Lowe & AOFM weekly issuance

schedule headline tomorrow's docket.