Trade war worry and the U.S............>

AUSSIE BONDS: Trade war worry and the U.S. Senate's passing of legislation re:

regular assessment of Hong Kong's special trading status leaves YM at unch.

levels and XM +2.0, YM/XM at 38.0, with the cash equivalent at 37.7bp. Bills sit

unch.-2 ticks higher through the reds. Worth flagging Terry McCrann's latest

article, which provided some light pressure to the space on SYCOM, before fresh

trade war angst emerged. McCrann wrote "Some commentators think the Reserve Bank

Melbourne Cup Day meeting minutes show the board was 'close to cutting' rates.

They don't, it wasn't and it won't in December."... "Absent some shock and

serious negative development - or, developments, plural - it will leave the rate

unchanged again in December; and it will then be on to February."

- Elsewhere, the AFR reported PM "Scott Morrison has all but slammed the door on

fast-tracked tax cuts or other ''panicked reactions'' in next month's mid-year

budget update, saying the government has already injected $9.5bn of near-term

stimulus into the economy since the May election."

- The latest round of ACGB 2030 supply was well received, while local skilled

job vacancies fell for a 10th consecutive month in Oct.