YM sits at unchanged levels in early...>

AUSSIE BONDS: YM sits at unchanged levels in early Sydney trade, with XM -0.5

after tracking the gyrations in U.S. Tsys during London/NY hours.

- Local focus falls on the aforementioned FT article (see earlier bullet), which

was the latest to add to the speculation re: Chinese actions surrounding

Australian coal exports.

- Elsewhere, the latest Australian SEEK labour market report noted that

"although it was another week of positive trends, it is still important to

remember that we still have a long way to go before we return to pre-COVID

levels." This was after SEEK's "job ad volume data continued to show promising

signs throughout the week, with all states and territories showing further

growth in the fortnight ended 24 May."

- Bills sit unchanged to -1 through the reds.

- The aforementioned address from RBA Governor Lowe headlines the local docket

today, with Note supply and Q1 CapEx data also due.