The space has stuck to a tight range...>

AUSSIE BONDS: The space has stuck to a tight range thus far, with 3-Year Bond

futures last trading at 97.745 (+1.0 tick), while 10-Year Bond futures trade at

97.245 (+2.0 ticks).

- The auction of the longest ACGB on offer at present was well received as the

bid to cover ticked higher at this morning's auction, although this could be a

result of the latest round of coupon payments, which are expected to support

Aussie issuance this week.

- The domestic 3-10 Year yield differential last trades 0.9bp flatter at 51.3bp,

while the AU/US 10-Year spread trades 2.4bp wider at -9.6bp.

- 3-Month BBSW fixed 1bp lower today, as the rising repo rate trend abated.

- This has led to the white & red Bill contracts trading 1-2 ticks higher.

- Tomorrow's Aussie labour market report dominates the domestic docket for the

remainder of the week.