Aussie bonds dipped on SFE post RBA....>

AUSSIE BONDS: Aussie bonds dipped on SFE post RBA jobs data which grew for the

12th straight month. The 3-Year was last at 97.860 and the 10-Year last at

97.210. 

- Following Aussie Jobs Data sources gave insight to some offscreen large clip

sizes being sold, possibly helping the move, there was one clip of 5.5k 3-Year

futures sold at 97.85 and around half an hour later a 10k clip of 3-Year futures

sold at 97.84. Another source quoted some large clips on the IB strip with "Dec

IB's (IBZ7) 49.5's Hit 2,280 times and Feb IB's (IBG8) 47.5's Hit 1,000 times."

- After the decline on labour data both Aussie bond benchmarks have recovered a

few ticks after China GDP data came in positive but as expected.

- Earlier on in the session was an Aussie bill auction, the only transaction of

the week from the AOFM which was very well covered at 5.98 times. Yields are up

across the curve within a very tight range.