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A disappointing auction of A$300mn.....>

AUSSIE BONDS
AUSSIE BONDS: A disappointing auction of A$300mn worth of ACGB 2.75% 21 May
2041.
- Looks like the average yield was 0.8bp above the mid at the time of issue,
with the cover ratio sliding when compared to the prior auction of the line.
Yields of the line now back towards session highs after hovering at lows ahead
of the supply.
- 10-Year futures also ticked back to session lows on the back of the auction
results.
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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