After omitting the line that the.......>

AUSSIE BONDS: After omitting the line that the next move in the cash rate would

be up, rather than down in the June minutes, the RBA reinstated it in the

minutes of the July meeting. The RBA said that the members continued to view the

strengthening economy as likely to deliver further progress in reducing the

jobless rate and returning inflation to target. And "in these circumstances,

members continued to agree that the next move in the cash rate would more likely

be an increase than a decrease." The RBA also said there was no strong case for

a near-term adjustment in monetary policy.

- This applied some modest pressure to the shorter end of the yield curve, with

3-Year Bond futures registering a new low.