Still very little to go off for the....>

AUSSIE BONDS: Still very little to go off for the space in terms of major price

action, outside of the brief look below the SYCOM lows for XM, which was driven

by broader risk-on flows. The contract is now back from worst levels. YM -0.5,

XM -1.0.

- Local data has had little in the way of tangible impact on the space, with the

same holding true for a trickle of A$ corporate supply, the highlight of which

was CIBC mandating for a potential 3-5 Year round of A$ issuance, the latest

name to look to exploit AUD/CAD x-ccy basis levels.

- Elsewhere, the government is seemingly focusing on the construction industry

and infrastructure investment, at least for now, as it looks to promote economic

growth.