Aussie bond futures held steeper on....>

AUSSIE BONDS: Aussie bond futures held steeper on the back of the SYCOM market

moves, with YM -0.5 and XM -6.0 hovering above lows as we move towards the end

of the week. The former failed to force its way above 0.30% in implied yield

terms, with many suggesting a break of that level may be the trigger to get the

RBA to step off the sidelines re: ACGB bond buying.

- Elsewhere, a lack of heavy duration supply scheduled for next week may have

helped XM at the margin before the broader based risk positive flows exerted

some fresh pressure in the second half of the session, with next week's

cumulative notional tender announcement scaled back to A$4.0bn from A$5.0bn.

- We also saw the unveiling of a proposal re: measures to guard against

questionable foreign investment in Australia, with the powers that be stressing

that the move isn't push back against China.

- A reminder that much of Australia will observe a public holiday on Monday,

with the space closed as a result.