Futures Flatter Post-NFPs

Aussie bond futures were dragged higher by the post NFP rally in U.S. Tsys, with YM finishing after-hours trade +1.5, while XM closed +5.0, although the latter failed to test its initial post-NFP highs later in the session.

• Weekend developments surrounding the COVID picture in Sydney have been positive, although authorities clearly remain cautious. Australia's track record of limiting the impact of the relatively limited local COVID outbreaks via short, sharp lockdowns looks set to remain intact.
• Retail sales, ANZ job ads and building approvals data headline the local docket on Monday, with the latest round of scheduled ACGB purchases from the RBA also due. However, the proximity to Tuesday's key RBA decision should render these releases/events fairly inconsequential.