Futures pressing on to fresh session...>

AUSSIE BONDS: Futures pressing on to fresh session highs as the lead contracts

register fresh YtD highs, supported by broader risk aversion in play during the

session. 3-/10-Year cash differential little changed at 54.0bp, with the XM/YM

spread at 52.0, a touch steeper on the day.

- Buyers noted again in the IB space today following yesterday's soft GDP data

as economists sound more cautious on the prospect of RBA hikes/push back hiking

expectations. Market pricing a 55% chance of the Bank staying on hold through

2019, with some marginal probabilities of a cut creeping into the OIS space.

Notable activity in IBK9 after a >5.0K lift at 98.520, with IB contracts

covering Feb-Oct '19 bid above 98.50 at writing.

- Bill strip flatter, front end under some modest pressure, whites and reds

trade 2 ticks lower to 5 ticks higher last, extending recent flattening, with

flow skewed that way during the session. 3-Month BBSW fixed 1.0bp higher today,

after 3-Month USD LIBOR jumped ~2.7bp Wednesday. 57-day repo ops conducted at

2.06%, with year-end funding in focus.

- Eyes on an address from RBA Deputy Gov. Debelle in the London morning.