Aussie bond futures built on their.....>

AUSSIE BONDS: Aussie bond futures built on their SYCOM flattening bias, as the

impact of yesterday's huge syndication was unwound and the headline numbers from

the latest labour market report were blurred by statistical matters that proved

to be very sobering on inspection of the details. YM +0.5, XM +6.0 at typing,

with the latter just off highs.

- Market showed no reaction as the the RBA once again chose to refrain from bond

purchases, as it seemingly remains content with market functioning and 3-Year

yields holding around its target of 0.25%.

- PM Morrison and Treasurer Frydenberg offered little new in their latest

address which came in the wake of the labour market report.

- Focus tomorrow turns to A$2.0bn worth of ACGB 2.75% 21 April 2024 supply and

the AOFM's weekly issuance schedule.