Off Lows As Tsys Tick Higher

Aussie bonds chose to look through the BoJ decision, with softer than expected local retail sales data also having nothing in the way of meaningful impact on the space.

• YM -1.0, XM -2.0 at the bell, drawing support from some firming in Tsys into the Sydney close, with frosty Sino-U.S. relations at the fore.
• The weekly AOFM issuance slate provided no talking points, with a typical week of ACGB supply due (the RBA's scheduled A$4.0bn ACGB purchases will once again offset the AOFM's A$2.0bn ACGB issuance in headline nominal terms during the week).
• Flash PMI and trade balance data headline next week's local economic docket.