Aussie Bonds have consolidated their...>

AUSSIE BONDS: Aussie Bonds have consolidated their SYCOM session uptick, with a

particularly weak Q2 completed construction work print limiting any pullbacks,

simultaneously posing downside risks to next week's Q2 GDP print.

- YM +1.5, with XM also +1.5. YM/XM deals at 21.5 with the cash equivalent at

19.8bp, a touch off the multi-year flats that have been registered.

- A$800mn worth of ACGB 2.50% 21 May 2030 supply was absorbed by the market, in

a fairly non-descript auction.

- Bills sit 1-4 ticks higher through the reds. RBA repo ops saw A$1.02bn worth

of 14-day operations at an average of 1.152%.

- Participants look to tomorrow's Q2 CapEx data for the next GDP input.