A quiet start for the space after......>

AUSSIE BONDS: A quiet start for the space after futures tracked Tsys lower on

SYCOM, largely aided by strong U.S. economic data.

- The latest AiG PMI data indicated that the expansion of the Aussie m'fing

sector accelerated in February, while the CBA equivalent was pretty steady in

terms of the headline rate of expansion. Elsewhere, the CoreLogic house price

Index declined by 0.9% vs. the prev. 1.2% fall.

- YM last -4.0 ticks, with XM -6.0 ticks. YM/XM deals at 48.5, with the cash

equivalent at 49.1bp.

- Bills run 1-4 ticks softer through the reds. 3-Month BBSW fixed marginally

higher today, bringing the record 25-day streak of lower fixes to an end. RBA

repo ops saw A$1.81bn worth of 17-day ops dealt at an average of 1.803%, while

A$1.585bn worth of 63-day ops were dealt at an average of 2.030%.

- Focus today will fall on the AOFM's weekly issuance schedule & Chinese Caixin

manufacturing PMI data.