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Aussie bond futures have held to very narrow ranges thus far, with YM unch. at typing and XM -1.0. Cash ACGBS run little changed to a touch softer.
- The latest NAB business survey saw a modest downtick in the confidence component, while conditions moved to a fresh record high. The details of the release revealed that "the survey continues to point to strong outcomes in the business sector, with business conditions resetting their record high for the second month in a row and forward orders also holding at a record level. The employment, profitability and trading sub-components all also reset last month's highs - with trading conditions now at exceptional levels."
- A reminder that AOFM CEO Nicholl speaks at a private event in just under 60 minutes time.