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YM finished the overnight session at unchanged levels, with XM -0.5. The latter saw an extension of its post-RBA weakness in the early part of after-hours trade, before clinging to the coattails of the gyrations in the U.S. Tsy market.
- Post-RBA positioning will once again be eyed today, as will the continued evolution of the domestic COVID situation.
- Retail sales (both for June and in terms of Q2 volumes) headlines the Australian docket on Wednesday, with A$800mn of ACGB 1.75% 21 November 2032 supply also due. Further afield, any trans-Tasman impetus from the latest round of NZ labour market data will be eyed, with the same holding true for the Chinese Caixin services & composite PMI readings.