Bonds operate around SYCOM closing.....>

AUSSIE BONDS: Bonds operate around SYCOM closing levels after a brief look lower

at the start of the session, with JGBs and U.S. Tsys also moving away from worst

levels, as the JPY advances, and the Nikkei 225 sheds 1.0%.

- The domestic 3-/10-Year yield differential has steepened by a little over

2.5bp. to trade just shy of 55bp, while the AU/U.S. 10-Year yield spread

operates around -23bp.

- 3-Month BBSW fixed some 0.6bp lower at 1.9850% today, with OMO rates also

easing.

- Participants look to Wednesday's AU CPI release, although the release isn't

expect to alter the bigger picture of limited inflation/wage growth, with the

RBA seen