YM -0.5, XM +3.0 as we move towards....>

AUSSIE BONDS: YM -0.5, XM +3.0 as we move towards the close.

- A slightly lower than exp. fiscal burden via the JobKeeper/Seeker extension

announcements (~A$20.0bn) provided a bit of a bid for Aussie bonds, while the

space proved un-reactive to the release of the minutes from the RBA's most

recent decision, which re-affirmed the Bank's well trodden views.

- Elsewhere, RBA Gov. Lowe's annual address at the Anika Foundation luncheon

touched on some potential methods of deeper monetary easing, in hypothetical

scenarios, although the Bank once again pushed back on the idea of -ve interest

rates, and also FX intervention. Lowe wouldn't be drawn on specific levels in

ACGB 3-Year yields which would trigger purchases from the central bank. He noted

that the Bank would need to see sustained deviations from the 3-Year yield

target before stepping back in. He also played down the recent upticks away from

the ~0.25% target as cases of indigestion.

- A$2.0bn worth of ACGB 2.75% 21 November 2029 supply is due tomorrow, as is

Australian prelim retail sales data and the Westpac leading index.