The spaced knee-jerked lower at the....>

AUSSIE BONDS: The spaced knee-jerked lower at the SFE re-open after the ruling

coalition secured a surprise victory in the weekend's federal election.

Furthermore, ABC projections have the ruling coalition on target to secure a

majority government, after many suggested that PM Morrison may need to find

support from some minority parties via a confidence and supply like agreement.

The ABC headlines have helped bonds move lower again.

- YM had edged back from lows, with a focus on the monetary policy front

evident, while the ongoing U.S.-China trade war spat continues to draw interest.

The Editor in Chief of China's Global Times highlighted Australia as pro-U.S. in

the wake of the election results.

-YM last -4.5 ticks, XM -2.5 ticks. YM/XM trades at 45.5 ticks, with the cash

equivalent at 42.5bp.

- Bills trade 4-6bp lower.

- Today's domestic docket is empty, but tomorrow is full of RBA-centric risk,

with the minutes from the Bank's May MonPol decision and an address from RBA

Governor Lowe due.