Aussie bond futures operate around.....>

AUSSIE BONDS: Aussie bond futures operate around unchanged levels after tracking

broader risk sentiment overnight. YM last +1.0 tick, XM unch., YM/XM trades at

47.5 ticks, with the cash equivalent at 43.8bp.

- The RBA's SoMP headlines the domestic docket today, with participants on the

lookout for any hints of an easing bias after the fairly neutral statement

issued alongside the unchanged decision on Tuesday. Many have argued that the

Bank's economic projections do not paint a consistent picture re: its view that

the labour market will do the heavy lifting.

- Western Australia released its budget late Thursday, with most analysts

highlighting that the fiscal outlook for the state was aided by mining royalties

& GST top ups, allowing a projected budget surplus, which if realised, would be

the first such instance in 5 years.

- Bills trade unchanged to 2 ticks higher through the reds.

- The ongoing U.S.-China trade talks ahead of the impending tariff increase will

likely dominate broader flows throughout the session.