Both benchmark Aussie Bond contracts...>

AUSSIE BONDS: Both benchmark Aussie Bond contracts moved higher through SFE,

resistant to the decline in U.S. Treasuries after a strong 10-Year Aussie Bond

auction which was part of the underlying basket for the 10-Year future and post

release of the RBA's statement on Monetary Policy. The 3-Year Aussie bond future

closed SFE at 98.040 and the 10-Year at 97.365. 

- The 10-Year auction of Aussie bonds brought in a cover of 3.4556x and a

average yield of 2.6201% from 2.8162% on the previous auction of the same

maturity. 

- RBA Statement... Barclays said: "Today's Statement on Monetary Policy (SoMP)

was a touch more dovish than the previous assessment, with the RBA reducing its

projection of inflation, despite higher energy costs prices. The central bank

also moderately lowered its 2018 growth assessment, but we do not read too much

into that forecast change, since it expects growth to continue to rise over the

next two years." 

- RBC say for the week ahead in Aus we should look to the AU Labour force report

(Thu) and AU Q3 Wage Price Index (WPI, Wed.)