Aussie Bonds marginally extended on....>

AUSSIE BONDS: Aussie Bonds marginally extended on their SYCOM highs in early

dealing this week, operating just off of best levels last. 

- Friday's RBA SoMP gave the space the initial impetus for a move higher, before

the broader risk off tone and bid in Tsys lent further support into the close.

- Looking at the corporate slate, JPMorgan have launched a multi-tranche A$

offering, while Toyota Finance Australia have mandated banks as they consider a

3- or 5-Year A$ deal. As a reminder, late on Friday the AFR reported that

Lendlease had to abandon its A$500mn bond issue on the back of a material

write-down.

- On the semi front, SAFA are re-opening up to A$1bn of its May 2028 line.

- 3-Month BBSW fixed 0.12bp higher today, with Bills last 1 tick lower to 4

ticks higher, as the front end underperforms.

- Focus this week moves to AU labour market data, wage prices, inflation exp.,

biz/consumer confidence, as well as an address from RBA Dep. Gov. Debelle.