Matters in Hong Kong are likely........>

AUSSIE BONDS: Matters in Hong Kong are likely providing light support for the

space in early trade this week, with YM & XM both +1.0 vs. settlement at

writing, leaving YM/XM at 40.5 and the cash equivalent at 39.9bp.

- Bills sit unchanged to 1 tick higher through the reds.

- Expect global risk matters to continue to drive the space in early trade this

week, with A$500mn worth of ACGB 2.25% 21 May 2028 supply providing the only

real point of interest on today's local docket.

- The minutes from the RBA's latest MonPol decision are due tomorrow, and

present the key local risk event over the coming days.

- Corporate supply has seen NHFIC launch a 10.5 Year A$ denominated social bond

at futures +42bp, while NAB has issued A$1.4bn worth of subordinated 2031 notes.