Aussie Bond futures followed Tsys......>

AUSSIE BONDS: Aussie Bond futures followed Tsys lower on SYCOM, with the AU/U.S.

10-Year yield spread holding around -52bp, while the domestic 3-/10-Year cash

yield differential last deals at 61.4bp, ~1.5bp steeper on the day, as the long

end holds lower, while the shorter end has edged away from the early session

lows.

- 3-Month BBSW fixed 0.5bp lower today, with Bills trading unchanged to 3 ticks

lower last.

- Australian CPI headlines the docket today. Median expectations look for a

headline Y/Y CPI read of 1.9%, slowing from the prior 2.1%, while the trimmed

mean and weighted median CPI metrics are expected to hold steady at 1.9% Y/Y.

Consensus looks for a headline CPI read of 0.5% Q/Q, against 0.4% in Q2, while

the trimmed mean and weighted median CPI metrics are both expected to moderate

to 0.4% Q/Q from the 0.5% observed in Q2.