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

AUSSIE BONDS: The space has stuck to a tight range in early dealing this week,

with Bond futures trading around Friday's SYCOM highs.

- The latest auction of the 2.25% 21 November 2022 Bond passed smoothly, with a

strong bid-to-cover ratio resulting from the smaller auction size compared with

the most recent issue of the line.

- The domestic 3-/10-Year yield differential and the AU/US 10-Year continue to

operate around familiar levels.

- 3-Month BBSW fixed 1.05bp lower today as the effects of quarter & FY end start

to dissipate from the space, aided by the RBA offering a hefty A$4.0bn in the

open market ops space. The white & red Bill contracts last trade 2-3 ticks

higher as a result.

- Participants look to tomorrow's RBA MonPol decision, with no change expected

focus will fall on the rhetoric employed by the central bank.