Brexit goings on dragged the space.....>

AUSSIE BONDS: Brexit goings on dragged the space higher on SYCOM, with activity

limited in early SFE trade.

- YM +2.0, XM +3.5, pressuring YM/XM away from 40.0 to last trade at 37.5, with

the cash equivalent at 35.9bp.

- An early address from RBA Asst. Gov Kent was focused on LIBOR, with the fact

that people are not ready for the transition away from the benchmark providing

the risk around the matter, in his own opinion.

- Bills sit unch. to 1 tick higher through the reds.

- Skilled vacancy data will provide some more clues on the Australian labour

market later today, although the most recent domestic labour market report has

been viewed by many as a reason for the RBA not to pull the trigger again in

November.

- Elsewhere, A$800mn worth of ACGB 2.75% 21 Nov 2029 supply and the pricing of

Tasmania's new Jan 2030 benchmark offering (over the next ~24 hours) will garner

interest.