Aussie Bond futures have traded on a...>

AUSSIE BONDS: Aussie Bond futures have traded on a softer footing today, with

regional equity indices ticking higher, following the positive lead from Wall

St.

- Little in the way of headline flow apparent thus far, outside of BBG headlines

from the U.S. Soybean Export Council, which noted that China has lodged

1.5-2.0mn tons of soy orders, notably higher than previous reports.

- YM/XM virtually unchanged at 48.00 last, while the cash 3-/10-Year yield

differential last trades at 48.5bp. AU/U.S. 10-Year yield spread last -44.0bp,

unchanged on the day.

- White & red Bills trade 1 to 3 ticks lower last. Repo rates continue their

squeeze higher into year end with 61 day RBA reverse repos conducted at 2.236%

today, while 3-Month BBSW eased marginally to 1.9998% from 2.0000%.

- 2019 IB strip continues to operate above 98.500 following the soft AU GDP data

released last week.