There has been little in the way of....>

AUSSIE BONDS: There has been little in the way of idiosyncratic headline matters

driving the Bill strip this week, with the only domestic release of note being

another soft CoreLogic house price print, as Sydney house prices garnered the

headlines yet again.

- The FX flash crash, worries over the global economic backdrop & questions over

the Fed hiking cycle have all had their effect on the space.

- The Bill strip has ultimately flattened, aided by RBA reverse repo rates

falling back below 2.00% as the year-end effect wanes, and the aforementioned

themes supporting global fixed income.

- BBG's WIRP function notes that the OIS curve points to a 25% chance of a 25bp

cut from the RBA by year-end (based on the interpolated methodology), after

pricing in a near 50% chance of at least one 25bp hike from the RBA by the end

of 2019 at the back end of November.

- Focus now turns to domestic data with Australian retail sales and trade data

due next week.