Aussie Bonds have remained almost......>

AUSSIE BONDS: Aussie Bonds have remained almost flat on SFE after yesterday's

CPI excitement, having little to no reaction to imports and exports data which

came in very close to forecasted. The 3-Year benchmark contract was last at

97.920 and the 10-Year last at 97.195. 

- On SYCOM Aussie Bonds moved in tandem with Tsy's which experienced a sharp

tailspin sell off on their open weaker with bunds on the German 10-Year bund

auction and stronger US$ vs. JPY. Tsys and Aussie bonds managed to pull things

back nearer to levels seen on yesterday's SFE to close the overnight.

- Imports and Exports came in today, imports down 1.6%, surveyed at 1.5% but

previously only down 0.1%, exports came in down 3% when -4% was surveyed however

again no where near previous figures which showed -5.7%. The RBA's Debelle is to

make a speech this evening in Sydney, scheduled for 0845BST/1845AEST.

- The 3-/10-Year spread was last at 1.2bp, at around about this time on

yesterday's SFE the same spread was 3.2bp.