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ACB Apr-33 Supply Passes Smoothly

AUSSIE BONDS

The weighted average yield observed at the latest round of ACGB Apr-33 supply was comfortably through prevailing mids (0.41bp, per Yieldbroker). Meanwhile, the cover ratio was firm enough, printing above 3.00x, but this isn’t outstanding by recent standards. These results are largely in line with our expectations heading into auction, with smooth supply observed. The reasoning for such a dynamic was fleshed out in our auction preview.

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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