Lead futures hugged SYCOM closing......>

AUSSIE BONDS: Lead futures hugged SYCOM closing levels before softening in the

latter part of the session alongside Tsys, likely on the back of reports

surrounding a U.S.-China phone call re: trade (between Mnuchin, Lighthizer &

Liu), although details on the matter remained light. WSJ suggested that "the

three senior officials discussed Chinese purchases of agricultural products and

changes to fundamental Chinese economic policies during the phone call, said

people familiar with the conversation. They didn't provide further details."

Elsewhere RTRS suggested that the call involved pushing the timetable forwards.

- Little to no reaction in the space to the latest house price data & NAB biz.

survey.

- YM/XM last 49.5, with some modest long end outperformance noted, while the

cash 3-/10-Year yield differential last trades at 50.7bp as a result.

- White & red Bills trade unchanged to 3 ticks lower last.

- 3-month BBSW fixed 0.3bp higher today at 1.9884%. RBA conducted 24-day reverse

repo ops at 2.104%, 45-day reverse repo ops were conducted at 2.100%.