Bond futures moved lower on SYCOM,.....>

AUSSIE BONDS: Bond futures moved lower on SYCOM, in a similar vein to Tsys, with

U.S. stocks higher on the day, albeit closing off of best levels. Focus fell on

UK & EU centric matters, as well as the stories re: Chinese trade issues. WSJ

reported that "China will allow greater access to foreign companies by replacing

its Made in China 2025 policy, a move aimed at easing U.S. trade tensions."

- YM/XM virtually unchanged at 48.50 last, while the cash 3-/10-Year yield

differential last trades at 49.1bp.

- White & red Bills trade 1 tick higher to 3 ticks lower last. Repo rates

continue their squeeze with 61 day RBA reverse repos conducted at 2.236% today,

while 3-Month BBSW eased marginally to 1.9998% from 2.0000%.

- Little in the way of tier one AU risk events noted in the remainder of the

week, the RBA's Dec meeting minutes due next Tuesday, ahead of next Thursday's

AU labour market report. Markets also eye the AU gov't MYEFO, due Monday.