Little in the way of notable trading...>

AUSSIE BONDS: Little in the way of notable trading activity for Aussie bond

futures on Wednesday, with YM & XM both trading 1.0 tick higher on the day, in a

tight range. YM/XM trades at 51.00, with the cash 3-/10-Year yield differential

last 48.0bp. The AU/U.S. 10-Year yield spread trades at -43.9bp.

- The latest Westpac consumer confidence print resulted in the survey moving

into pessimistic territory i.e. sub-100, for the first time since November 2017,

although this had little notable impact on the space.

- Bills trade 1 tick higher to 1 ticks lower across the whites and reds. Funding

remains in vogue, with today's RBA reverse repo ops as follows: 15-Day A$1.47bn

dealt at 2.066%, 82-Day A$1.38bn dealt at 2.078% (the latter covers quarter end

turn).

- Domestic housing finance data will hit Thursday.