Bonds edged back to SYCOM closing......>

AUSSIE BONDS: Bonds edged back to SYCOM closing levels after U.S. Tsys ticked

lower after U.S. President Trump noted that U.S. GDP could be "in the 5s next

quarter," while he suggested that the U.S. will have a fantastic trading

relationship with China. This comes after the formalisation of 25% tariffs on

$16bn worth of Chinese imports late Tuesday. The move was limited and has been

retraced.

- The domestic 3-/10-Year yield differential has edged back to ~58bp, while the

AU/U.S. 10-Year spread sits just above -29bp.

- Some focus on semi issuance out of the Northern Territory in the form of 2030

Bonds, while on the corporate side HSBC has launched 3-Year floating &/or fixed.

- Repo rates were largely stable today, with 3-Month BBSW fixing ~0.4bp lower.

- Participants await comments from RBA Gov. Lowe later today, ahead of Friday's

SoMP.