Bond futures ticked away from worst....>

AUSSIE BONDS: Bond futures ticked away from worst levels on the back of the

latest round of GDP partials data, which seemingly points towards further

downside risks for Wednesday's Q4 GDP print after last week's soft inputs.

- Risk positive stories surrounding U.S.-China matters, ran by both BBG & WSJ,

applied some pressure to the space in early dealing, with further positive

comments coming from Chinese policymakers during the session.

- YM last -2.5 ticks, with XM -4.5 ticks. YM/XM at 49.0, with the cash

equivalent at 49.8bp. The AU/U.S. 10-Year yield spread trades at -57.4bp.

- Bills running unchanged to 4 ticks lower through the reds. 3-Month BBSW fixed

~1.0bp higher today. RBA repo ops saw A$743mn 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 and was likely driven on

the back of dealers' requests to promote liquidity.

- GDP partials and the latest RBA MonPol decision provide domestic interest on

Tuesday.