Slight uptick observed in Aussie.......>

AUSSIE BONDS: Slight uptick observed in Aussie bond futures on the back of the

release of the RBA's July meeting minutes as the Bank reaffirmed that "the Board

would continue to monitor developments in the labour market closely and adjust

monetary policy if needed to support sustainable growth in the economy and the

achievement of the inflation target over time."

- The cautious comments surrounding the labour market have likely help spur

light demand in the wake of the minutes as the Bank noted that "spare capacity

was likely to remain in the labour mkt for some time" and that "forward-looking

indicators... suggested that growth in employment would moderate over coming

months."

- YM last +4.0 ticks with XM +6.0 ticks, at best levels on the day as the

contracts registered fresh session highs on the back of the release. Curve holds

flatter on the day, with YM/XM at 46.0 ticks and the cash equivalent at 42.7bp.

- Bills now 1-3 ticks higher through the reds.