Aussie Bills Weekly Update - RBA.......>

AUSSIE BONDS: Aussie Bills Weekly Update

- RBA reverse repo rates have consolidated above 2.0% this week, with 3-Month

BBSW ticking higher over the last couple of days, which has allowed the Bill

strip to relinquish some of last week's gains.

- That being said, the move was largely parallel, and there has been little in

the way of movement in RBA pricing over the last 5 days.

- Domestic retail sales data for November marginally beat expectations. The

print may have been supported by the Black Friday period N.B. the RBA is closely

watching the spill over effects of falling house prices in the big cities on

consumer consumption.

- Inflation expectations & consumer confidence headline next week's AU docket,

with a lack of tier one releases evident.