Bond futures have ticked off of........>

AUSSIE BONDS: Bond futures have ticked off of their early lows early following

Tsys lower and SYCOM and being pressured by BBG & WSJ reports pointing to the

U.S. & China nearing a trade deal.

- YM last trades -3.5 ticks with XM -5.0 ticks. YM/XM trades at 49.0, with the

cash equivalent at 49.3bp.

- Bills are trading unchanged to 5 ticks lower through the reds. 3-Month BBSW

fixed ~1.0bp higher today. RBA repo ops saw $A743mn worth of 9-day ops dealt at

an average of 1.0789%, with A$1.466bn worth of 70-day ops dealt at an average of

2.033%.

- The auction of a non-basket ACGB was largely ignored.

- NHFIC has mandated for an A$ bond roadshow.

- Focus now turns to the release of GDP partials at the bottom of the hour.