The move in Tsys helped pull Aussie....>

AUSSIE BONDS: The move in Tsys helped pull Aussie futures higher on SYCOM, with

the space sticking to a tight range in early SFE dealing ahead of local event

risk. YM +1.0, XM +2.0, leaving YM/XM at 34.5 and the cash equivalent at 34.0.

- Bills sit unchanged to 1 tick higher through the reds.

- Focus seems to be squarely on the upcoming evening (Aus time) address from RBA

Governor Lowe, which has a topic of "Unconventional Monetary Policy: Some

Lessons from Overseas." Also worth noting that RBA Deputy Gov. Debelle will also

speak in ~20 minutes time (23:50 GMT), on "Employment and Wages."

- re: Lowe's address, RBA rhetoric has pointed towards a desire to stay away

from negative rates, while unconventional MonPol discussions have centred on a

QE programme (although estimates of size vary greatly), and maybe even an

ECB-esque TLRO programme. Expect Lowe to point towards a package/combination of

measures as being most effective, as he has done in the past.