Consolidating

Aussie bond futures are little changed from settlement in early Sydney dealing, with YM & XM both +0.5, after a narrow SYCOM session, consolidating Monday's bull flattening.

• The latest weekly ANZ-Roy Morgan consumer confidence index reading revealed another uptick, with the headline index now hovering just shy of 100. ANZ noted that "Sydney and Melbourne are now close to neutral. People remain cautious about the current economic outlook and, consistent with this, are also cautious about their current financial circumstances. This may constrain spending in the near-term. Confidence in future economic and financial conditions is much more positive, however, holding out the prospect of a recovery in spending if the labour market holds up."
• Bills sit unchanged to -1 through the reds.
• Worth re-flagging that RBA's Debelle & Bullock appear in front of the Senate Economics Legislation Committee today. Domestic focus really is centred on next week's RBA decision, although there are plenty of sources of potential offshore impulse between now and then.