SoMP noted this: "The forecasts........>

AUSSIE BONDS: SoMP noted this: "The forecasts imply progress towards the

inflation target and full employment, but that progress is expected to be only

gradual. To maintain this progress, monetary policy is very likely to remain

accommodative for some time. Given the only gradual nature of the progress, the

Board has been discussing the case for a further easing of monetary policy in

order to speed the pace of progress and to make it more assured in the face of

ongoing uncertainties."

- Although this isn't new and reflects what Lowe has already said this week,

could it perhaps be the reason for the marginal uptick in bond futures, given

recent positioning swings?

- YM +3.5, XM +4.0.