Brexit impasse and a pullback from.....>

AUSSIE BONDS: Brexit impasse and a pullback from best levels in Asia-Pacific

equites has provided an underlying bid in the space during SFE hours, excusing

some brief pressure experienced on the back of much stronger than expected

Australian building approval data (which was attributed to the volatile

apartment component).

- YM last -2.5 ticks, with XM -3.5 ticks. YM/XM trades at 44.5, with the cash

equivalent at 39.8bp. The AU/U.S. 10-Year yield spread trades at -64.4bp.

- Bills trade 2-3 ticks lower through the reds.

- Focus is on the impending RBA MonPol decision, due at the bottom of the hour,

although more focus is likely to fall on the Federal budget due in the Sydney

evening.