Aussie bond futures struggled..........>

AUSSIE BONDS: Aussie bond futures struggled post-RBA, with a lack of fresh

dovish impulses noted, even though the bank retained its easing bias and left

rates unchanged, as expected. The RBA seems to be in no hurry to follow up on

the 75bp of easing delivered so far this year, with the domestic economic

backdrop little changed in recent months, by its own account. The Bank alluded

to limited changes to the economic projections that it will release in its SoMP

on Friday.

- YM & XM finished the SFE session off worst levels, but still sub-settlement.

There will likely be some focus on the change in open interest in bond futures

(daily data released tomorrow), given what seemed to be a notable exit from both

YM & XM longs on Monday (based on OI data) and Tuesday's price action.

- A$800mn worth of ACGB 2.50% 21 May 2030 supply headlines the local docket

tomorrow.