It has been a very limited session.....>

AUSSIE BONDS: It has been a very limited session for Aussie bonds with futures

operating just shy of their SYCOM highs. 10-Year Australian yields managed to

print a fresh all-time low.

- A strong domestic job vacancies print and some upbeat global trade headlines

failed to apply pressure to the space, with participants choosing to focus on

the broader trend in the major global bond markets, and the recent dovish

developments re: the RBNZ across the Tasman.

- YM last +2.0 ticks with XM +5.0 ticks. YM/XM trades at 40.5, with the cash

equivalent at 35.3bp. The AU/U.S. 10-Year yield spread trades at -62.8bp.

- Bills trade 1-3 ticks higher through the reds. Notable lifts noted at 98.510

in IBJ9 throughout the session. RBA repo operations saw A$630mn worth of 18-day

ops dealt at an average of 2.035%, with A$1.16bn worth of 54-day ops dealt at an

average of 1.981%.

- Private sector credit and the weekly AOFM issuance schedule headline the local

docket tomorrow.