Aussie Bond futures have stuck to a....>

AUSSIE BONDS: Aussie Bond futures have stuck to a tight range, with soft

domestic data, in the form of housing finance and NAB business confidence,

countered by broader risk-on flows. Activity in futures has been driven by the

rolls.

- YM last trades 1.0 tick lower, with XM 0.25 tick worse off. YM/XM trades at

42.0, with the cash equivalent at 43.2bp, modestly steeper on the day.

- Bills trade unchanged to 1 tick lower through the reds. A$1.986bn worth of

24-day RBA repo

ops were dealt at an average of 2.054%.

- The latest I/L bond auction was ignored by the broader ACGB space.

- Looking to the backend of the week, ACGB 5.25% 15 March 2019 will mature, with

A$13.21bn in outstanding notional and ~A$347mn in coupon payments due. Today's

~A$100mn I/L supply was the sole instance of AOFM issuance this week, so net

cash flow effects should support the broader space.

- RBA Deputy Governor Debelle will speak in 90 minutes (topic: Climate Change

and the Economy).