Aussie bonds were more resilient.......>

AUSSIE BONDS: Aussie bonds were more resilient than their US counterparts in the

short-end and opened SFE almost flat with the 3-Year Future at 97.790, down from

97.810 and the 10-Year future down a tick and a half at 97.155. Both the 3-Year

and 10-Year contracts saw contract lows in the session and much thinner volumes

traded, almost halving in the 3-Year ahead of the FOMC meeting commencing on

Wednesday.

- Little reaction from positive Roy-Morgan Weekly Consumer Index Figures which

came in at a 8-Week high of 114.8, a 4.6% increase from the last release. House

Price Index data showed inflation slowed in July and August but annual growth

rate remained steady. RBA minutes came in upbeat.

- During SYCOM the 3-Year and the 10-Year both moved in tandem with US Tsy's

which moved within an 8 tick range and ended lower as the session again saw

record highs for stocks. 

- Yields are slightly up across the curve but nothing compared to yesterday's

5+bp moves, the 3-Year last down 1.1bp and the 10-Year maturities last down

1.1bp.