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ACGB Apr-25 Auction Goes Well

AUSSIE BONDS

The latest round of ACGB Apr-25 supply goes well, with the weighted average yield printing 1.71bp through prevailing mids (per Yieldbroker), while the cover ratio comfortably topped 4.50x. As we flagged ahead of the auction, the flatness of the curve, recent stabilisation in yields, moderation in RBA tightening expectations and demand for access to the line via the RBA’s SLF boded well for takedown.

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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