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A nice tight high yield/average........>

AUSSIE BONDS
AUSSIE BONDS: A nice tight high yield/average yield tail for the ACGB 2032
auction there, especially given the notable upsizing of the auction vs. the
previous offering, with the high yield ~0.50bp through mid at the time of
supply, XMM0 edges away from lows, now -2.5 on the day (worth noting that the
cover ratio marginally undershot that seen in the much larger A$3.5bn opening of
line back in January).
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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