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

AUSSIE BONDS: The space has stuck to a tight range in SFE dealing, but moved

higher on a flurry of buy side activity with little in the way of catalysts

apparent. The space has continued to operate around session signs with

relatively steady Chinese official PMI data & domestic Melbourne Institute

inflation data doing little to move Bonds.

- 3-Year Bond futures last trade 4.5 ticks higher at 97.780, while 10-Year Bond

futures trade 4.5 ticks higher at 97.205.

- Cash Tsys are closed until the London open owing to a Japanese holiday.

- The domestic 3-/10-Year yield differential is 0.9bp flatter at 58.5bp.

- 3-Month BBSW fixed 1bp lower today, at 2.035%, with the white and red Bill

contracts last trading unchanged to 4 ticks higher.

- Focus falls on tomorrow's RBA MonPol decision & Friday's SoMP. With no change

expected at the MonPol decision, participants will eye any nuanced shifts in

rhetoric & scour the latest batch of economic projections in the SoMP.