The selloff in Aussie rates continues, as....>

AUSSIE: The selloff in Aussie rates continues, as the market is now seriously

repricing the rate path for the RBA for both this year and next. A little more

than a full hike is now priced for 2018, compared to November last year, when

only 10 bps were priced and some economists were still talking rate cuts. There

are even talks for an early May hike, BOC style. 

- Yield curve steepened, 3-/10-Year sprad 2.5bp wider, following moves the rest

of the world. Quiet on the data front during the session, with focus shifting to

the US Government shutdown, as YM (3-Year) intraday options open 70/71.

- Yields higher early in the session, short end yields rising for the 6th

consecutive session.

- AUD/USD flat on the session at 0.7994.