Aussie bond futures have hovered.......>

AUSSIE BONDS: Aussie bond futures have hovered around unchanged levels for most

of Sydney trade, with little in the way of fresh local news flow evident,

outside of the re-tightening of some COVID-19 limits in the state of Victoria.

YM -0.5, XM -1.0 at typing.

- Elsewhere, RBA Gov Lowe said that it's hard to argue that AUD is overvalued,

although he "would like a lower one because he'd like lower unemployment and

slightly higher inflation."

- The latest round of ACGB '24 supply saw a moderation in the cover ratio and

widening of the high yield/average yield differential.

- On the corporate issuance front we saw Brisbane Airport checking interest on

A$ 6- and/or 10.5 Year paper, as well as NHFIC mandating for a call re: A$

12-Year social paper.

- Flash PMI's & I/L supply from the AOFM headline locally on Tuesday.