Aussie Bond futures trade back from....>

AUSSIE BONDS: Aussie Bond futures trade back from their SYCOM lows, likely

drawing support from the fact that China has taken its complaints re:

Australia's treatment of Huawei to the WTO. Warmer rhetoric & source reports re:

U.S.-China trade matters had little impact on the space.

- YM last -4.5 ticks, with XM -6.5 ticks. YM/XM trades at 50.0 ticks, with the

cash equivalent at 45.6bp. The AU/U.S. 10-Year yield spread trades at -61.4bp.

- The latest auction of ACGB 2.50% 21 May 2030 passed smoothly, providing little

in the way of broader market impact.

- After a limited ~A$450mn worth of ACGB coupon payments made today, focus, in

cash flow terms, moves to next Monday's coupon payments (which will be made on

Tuesday owing to the Easter holiday). There will be some ~A$4.08bn worth of

coupon payments made next Tuesday and the AOFM will not be undertaking any

further transactions through 26 April.

- Bills trade 1-5 ticks lower through the reds.

- The minutes from the RBA's most recent MonPol decision headline the local

docket on Tuesday.