The space has traded on the back of....>

AUSSIE BONDS: The space has traded on the back of broader market themes over the

last 24 hours or so, firstly on the back of the BOJ MonPol decision, followed by

the latest round of U.S.-China Tariff rumours in SYCOM & early SFE dealing.

- Bonds trade back from their early SFE session highs, that came on the back of

headlines suggesting that the U.S. is considering levying a 25% tariff on $200bn

worth of Chinese goods, up from the prior 10%, although the sources attributed

did concede that the touted higher tariffs may not come to pass.

- The domestic 3-/10-Year yield differential sits ~1.5bp steeper last, with the

AU/U.S. 10-Year differential in to ~-27.0bp. Outright bonds trade in familiar

territory.

- 3-Month BBSW fixed 0.25bp lower today, with the Bill strip 1-2 ticks lower

last.