Bond futures are back from early.......>

AUSSIE BONDS: Bond futures are back from early levels after they stuck to a

tight range on SYCOM.

- Earlier today RBA Gov. Lowe reaffirmed the Bank's shift to a more neutral

stance re: MonPol and noted that "it's hard to think of a scenario where

interest rates would need to go up this year." Lowe also said that this year's

Q4 and Q3 GDPs are likely to print "significantly below trend." As a reminder,

AU 2018 Q4 GDP comes out at 0030GMT/1130AEDT.

- YM last trades -1.5 tick, with XM -0.5 tick. YM/XM deals at 48.0, with the

cash equivalent at 48.3bp.

- Bills trade 1-2 ticks softer across the whites and reds.

- Focus falls on the aforementioned GDP print after the release of the partials

resulted in a swathe of economists downgrading their exp. BBG consensus looks

for +0.3% Q/Q.