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XM & YM hold near their respective.....>

AUSSIE BONDS
AUSSIE BONDS: XM & YM hold near their respective SFE session lows ahead of RBA
Gov. Lowe's speech at the bottom of the hour (titled "The Year Ahead"). YM -1.0
tick with XM -0.5 tick, YM/XM trades at 49.5, with the cash equivalent at
48.1bp.
- Bill activity remains limited, with the whites and reds trading unchanged to 1
tick lower.
- Traders will focus on any guidance re: the outlook for MonPol in Lowe's
speech. As a reminder, at present the Bank believes that the next move in rates
will likely be up, albeit not for some time. The Bank lowered its growth & CPI
profiles for 2019 yesterday, which will be formalised in Friday's SoMP.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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