Bond futures traded on a softer........>

AUSSIE BONDS: Bond futures traded on a softer footing for most of the session,

with regional equity indices ticking higher, following the positive lead from

Wall St, although they have managed to form a base in the last hour or so, and

now operate just above worst levels. Little in the way of headline flow

apparent, outside of BBG headlines from the U.S. Soybean Export Council, which

noted that China has lodged 1.5-2.0mn tons of soy orders, notably higher than

previous reports. YM/XM 47.75 last, while the cash 3-/10-Year yield differential

last trades at 47.3bp. AU/U.S. 10 Year yield spread last -44.4bp.

- White & red Bills trade 1 to 3 ticks lower last. Repo rates continue their

squeeze higher into year end with 61 day RBA reverse repos conducted at 2.236%

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

- 2019 IB strip continues to operate above 98.500 following the soft AU GDP data

released last week.

- Focus moves to 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.