Futures holding a little steeper in....>

AUSSIE BONDS: Futures holding a little steeper in early Sydney trade, XM +0.5,

YM -1.0, although the latter finished SYCOM off of worst levels, akin to Tsys.

- A$2.0bn of ACGB 2.75% 21 Nov 2029 supply is due today, but broader focus will

likely fall on The RBA's monetary policy decision (see our full preview for

further details). As a reminder, no change expected at the RBA, with a focus on

the nuance surrounding the economic outlook after Governor Lowe pointed to a

slightly less downbeat backdrop last week. There is also scope for altered

commentary re: the AUD, given the retracement in the AUD TWI in recent weeks,

although that shouldn't be seen as anything like a given.

- On the corporate issuance front we have seen Sumitomo Misuse launch 3-Year FRN

and 5-Year Fixed and/or FRN A$ paper this morning.

- Bills unchanged to +1 through the reds.

- The aforementioned RBA MonPol decision and ACGB supply headline the local

docket today, with the latest round of Q1 GDP partials also due.