It has been a mundane start to the.....>

AUSSIE BONDS: It has been a mundane start to the week for the Aussie Bond space,

which continues to outperform U.S. Tsy equivalents.

- 3-Year bond futures have closed above initial resistance, with bulls now

looking to the 38.2% retracement of the move from 98.700 to 97.675 (98.067).

- The domestic 3-/10-Year cash yield differential deals at 58.5bp, as the long

end outperforms modestly, with the AU/U.S. 10-Year yield spread hovering around

-51.5bp.

- As a reminder ACGB issuance is light this week, with the AOFM due to sell

A$1bn of the 3.25% April 2029 Bond on Friday. New South Wales Treasury has

mandated banks for a possible AUD green bond issue.

- 3-Month BBSW fixed ~0.6bp lower today, with the Bill strip trading unchanged

to 1 tick higher last.

- The Aussie docket is packed this week. Q3 CPI, due Wednesday, headlines, with

building approvals, trade data and retail sales also on the slate throughout the

week, in addition to an address from RBA's Bullock.