Aussie bonds sold off on SYCOM.........>

AUSSIE BONDS: Aussie bonds sold off on SYCOM moving alongside U.S. Tsy's, amid

broad risk on sentiment following no developments in N. Korea and less

destruction from Hurricane Irma than was expected. 

- On the SFE open the 3-Year was down 3 ticks at 97.965 and the 10-year was down

3.5 ticks at 97.3225.

- Shortly up will be a A$900mln 2028 auction, strong demand is expected it's

part of the underlying basket for 10-Year futures.

- We've also just had Westpac Consumer Confidence Index figures through, up 2.5%

for August from coming in down 1.2% in July, odds of a hike in the next meeting

are slim but towards Spring 2018 they increase to above 50%, previously it was

predicted there would more likely be a cut than a hike, reflective in the

Westpac Data presented for August and September.

- Yields today are higher across the curve, moves even - around 4bp. Since the

start of the week the 3-10-Year spread has widened by around 3.5bp the short end

more stable due to RBA anchored policy.