The space has moved backed from........>

AUSSIE BONDS: The space has moved backed from worst levels, alongside US Tsys,

but still sits lower on the day. 3-Year Bond futures last trade at 97.770 (-1.0

tick), while 10-Year Bond futures trade at 97.250 (-0.5 tick).

- The domestic 3-10 Year yield differential last trades 1.1bp flatter at 52.9bp,

while the AU/US 10-Year spread sits 0.6bp wider at -9.6bp.

- 3-Month BBSW fixed 1.5bp higher today, with the white & red Bill contracts

last trading 1-3 ticks lower, as funding pressures continue to mount, although

the uptick in Bonds from session lows has allowed the majority of the strip to

recover slightly.

- This week's domestic economic docket will be headlined by the Tuesday's

release of the minutes from the latest RBA MonPol meeting, ahead of Thursday's

Aussie labour market report.

- Topside failures for 10-Year Bond futures ahead of 97.3600 left the contract

looking heavy with focus currently on 97.1750-2275 where the 55-DMA is noted.

Bulls now need a close above hourly support from April 12 (97.2950) to gain

breathing room.