Futures failed to extend through.......>

AUSSIE BONDS: Futures failed to extend through their SYCOM session highs, in

what was a limited Monday, with the U.S. observing a holiday. YM finished +1.0,

with XM +0.5. There was some early focus on a weekend piece from The Australian

in which ex-RBA board member Warwick McKibbin noted that "once the rates get to

a certain level, the effects start to disappear quickly," as he suggested that

the RBA should refrain from cutting its cash rate in February. Elsewhere,

Treasurer Frydenberg stressed that that the full economic impact of the ongoing

bushfires remains uncertain. This came after the country lifted emergency grants

& loans for small businesses that have been hampered by the fires.

- EIB launched a A$100mn tap of its 2028 climate awareness bond at ACGB Nov '27

+43bp, while Newcastle Permanent Building Society mandated for 5-Year FRN.

- Bills finished unchanged to 1 tick higher through the reds, with some

flattener interest seen in IRM0M1

- The major focal point of the domestic week is Thursday's labour market report.

In terms of FI specifics, Wednesday's auction of A$3.5bn of the new ACGB 1.25%

May 2032 will draw attention.