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ACGB Apr-25 Supply Goes Well

AUSSIE BONDS

The latest round of ACGB Apr-25 supply drew solid pricing (weighted average yield printing 0.72bp through prevailing mids, per Yieldbroker) and a firm cover ratio, which comfortably topped 5.00x. It would seem that the notable borrowing of the line via the RBA’s SLF was a pre-cursor for solid demand, as flagged ahead of the auction. All in all, the auction was stronger than the recent norm.

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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