*Correct* (corrected the rate on the...>

AUSSIE BONDS: *Correct* (corrected the rate on the RBA repo ops)

- The major AU FI futures trade below settlement levels. Moves in Tsys exerted

some pressure on the longer end of the curve, but ranges remain contained.

- The latest ACGB 2.50% 21 May 2030 auction saw the avg. yield print 0.09bp

below mid at the time of issuance, as the cover ratio held steady.

- Elsewhere, participants looked through the latest round of domestic consumer

conf. data and Chinese inflation data.

- YM last -1.5 tick, with XM -2.0 ticks, leaving the curve marginally steeper.

YM/XM deals at 41.5 ticks, with the cash equivalent at 36.7bp.

- Bills run unchanged to 2 ticks lower through the reds. RBA repo ops saw

A$1.315bn worth of 15-day ops dealt at an average of 1.275%.

- Consumer inflation exp. & housing finance data headline tomorrow's domestic

economic docket. Elsewhere RBA Deputy Governor Debelle will make an address in

NY hours on Thursday.