MNI MARKET ANALYSIS: Aussie Bills......>

AUSSIE BONDS: MNI MARKET ANALYSIS: Aussie Bills Weekly Update

- Bills have managed to move lower this week, following last week's bid, even as

the release of some of the Australian GDP partials, namely completed

construction work, left economists warning of downside risks to next Wednesday's

GDP release.

- Strong U.S. data and the questionable developments in the latest round of

U.S.-China trade talks allowed the red contracts to shed 5-6 ticks this week.

- 3-Month BBSW fixed marginally higher today, bringing the record 25-day streak

of lower fixes to an end. The run of lower fixes has supported IRH9.

- RBA repo operations continue to show turn premium.

- Focus now turns to the RBA decision due Tuesday, which will be followed by a

speech from RBA Gov. Lowe on Wednesday. Elsewhere GDP partials will be

scrutinised ahead of the GDP print on Wednesday. Retail sales will hit on

Thursday.