The space has shrugged of the RBA......>

AUSSIE BONDS: The space has shrugged of the RBA meeting minutes, which were a

little more optimistic, although there were no marked changes to the Bank's

outlook (see See Main Wire At 00:31 GMT 03/20). 3-Year Bond futures last trade

at 97.875 (unch) while 10-Year Bond futures trade at 97.30 (+2.0 ticks). The

domestic 3-/10-Year yield differential trades 0.7bp flatter at 64.4bp, while the

AU/US 10-Year spread has continued to grind wider, with the discount now at

17.6bp, 2.9bp wider on the day.

- 3-Month BBSW fixed unch., making today the first day in March that hasn't seen

a higher fix. The Bill strip is little changed.

- Focus now moves on to comments from the RBA's Bullock on a panel later today.

- 3-Year Bond future's recovery from 55-DMA tests stalled ahead of the

97.949-993 region where the 200-DMA, 200-WMA & bear channel top off '17 highs

are noted. Bears continue to look for a close below the 55-DMA (97.841). 10-Year

Bond futures are hesitating around the 200-DMA (97.3044) with the 55-WMA

(97.3206) & Bollinger top (97.3291) lurking above. Bears need a close below

97.2350 to ease bullish pressure.