ASX flat ahead of RBA 10:30am: Some more info on the Billabong news. The proceeds of the possible debt deals and asset sales would be used by Billabong to repay in full its existing debts, the company said. ""The refinancing is intended to provide the company with a comprehensive solution and an appropriate capital structure, allowing it to continue its reform agenda,"" chairman Ian Pollard said in a statement. ""It's our intention to conclude these discussions as soon as practically possible while aggressively reducing costs across all our global operations."" 10:13am: BREAKING Troubled retailer Billabong is discussing possible debt deals and asset sales with two private equity firms after takeover talks ended. Billabong has been exploring a possible takeover with two separate parties - one including private equity firm Sycamore Partners; the other including private equity firm Altamont Capital Partners. Those change of control talks had now concluded, Billabong said on Tuesday.Discussions were now being held with Sycamore and Altamont about potential refinancing and asset sales offered as an alternative to a takeover, it said. 10:03am: Ten is talking up its investment in the domestic T20 cricket competition, aka the Big Bash league, for which it reportedly paid $100 million. ""Ten and Cricket Australia will make it a major free-to-air television event,"" he said in a statement. ""We will work closely with Cricket Australia on the scheduling, marketing and promotion of the league to ensure it is the premium domestic sporting event of the Australian summer."" Lasith Malinga and the Stars laughed loudest and longest when the two sides last met in the Big Bash League in Perth. 9:59am: Australian bond futures prices are higher ahead of the central bank's monthly interest rate decision. Nomura head of research Jon Linton said the local market would be focused on the Reserve Bank of Australia's decision announcement. If the central bank re-affirms its easing bias, meaning it still believes further rate cuts may be necessary, Mr Linton said bond prices would probably move higher. ""On the back of that, we would likely see a rally today,"" he said. At 8.30 AEST on Tuesday, the June 10-year bond futures contract was trading at 96.600 (implying a yield of 3.400 per cent), up from 96.575 (3.425 per cent) on Monday afternoon. The June three-year bond futures contract was at 97.370 (2.630 per cent), up from 97.360 (2.640 per cent). 9:41am: One factor which the board of the RBA will be feeling a bit less pressure from is the level of the Aussie dollar. It's down about 6 US cents since the last time they met, but in a show of strength overnight the local unit jumped from below 97 US cents to almost 98 US cents on some weaker-than-expected factories data in the US, which in turn saw the greenback take a dive. Kathy Lien at BK Asset Management says the sell-off in the US dollar could be best described as "another case of deleveraging." She wrote: The greenback fell aggressively after US economic data surprised to the downside, giving investors more reason to reduce their positioning. Last Friday's decline in US stocks and the complete breakdown in Japanese equities have made investors nervous. There hasn't been an all out collapse or reversal of recent gains (stocks ended slightly higher today), but the market's struggle to avoid a deeper correction and rally has made investors worried about a potential top in equities. 9:39am: Another first Tuesday of the month and another rates decision looms. And the calculation, at least as far as economists go, is similar to last month - no change. But we all know how that ended. As it stands this morning, only 1 of 25 economists surveyed by Bloomberg says the RBA will lower rates to 2.5 per cent. The interest rate futures markets is a bit more bullish on the chance of a downwards move, give a 25 basis point cut at 16 per cent chance. We will have full coverage of the decision and the aftermath in this blog from 2.30pm. 9:31am: Good morning folks. Welcome to the Markets Live blog for Tuesday. Contributors: Thomas Hunter, Jens Meyer, Max Mason This blog is not intended as investment advice BusinessDay with agencies