Aussie Bonds stuck to a tight range,...>

AUSSIE BONDS: Aussie Bonds stuck to a tight range, with the highlight being a

brief blip higher on the back of a soft domestic Q2 CapEx print, which made it 2

for 2 in terms of soft GDP partials over the last couple of sessions.

- The positive reading for plant/machinery CapEx provides some (small) solace

and the third estimate of 2019/20 CapEx held up, edging higher at the margin

(estimate 3 onwards is usually where we get further clarity re: spending

intentions).

- YM +0.5 & XM +1.5, with YM/XM at 21.0 and the cash equivalent at 19.1bp.

- Bills sit unch.-1.0 tick higher through the reds.

- Building approvals and private sector credit headline tomorrow's local docket.