Free Trial

ACGB Apr-26 Prices Well


A very strong round of pricing was observed in the latest round of ACGB Apr-26 supply, with the weighted average yield printing 1.21bp through prevailing mids (per Yieldbroker), although the cover ratio was relatively modest given the strong pricing, printing at 2.60x. It would seem that the current market vol. deterred some prospective bidders, limiting the cover, but those that were willing to bid were willing to pay up for access to the paper (we did note that there was some demand for the line via the RBA’s SLF in our preview, albeit not as high as what has been seen in other lines).

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.