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ACGB Apr-33 Supply Meets Cooling Demand

AUSSIE BONDS

The cover ratio nudged lower at the latest ACGB Apr-33 auction, even though there was A$500mn less paper on offer when compared to the previous auction of the line. Meanwhile, the weighted average yield only printed 0.05bp through prevailing mids (per Yieldbroker). Once again, this represents a solid enough auction, but isn’t anywhere near the strength that we have seen at ACGB auctions in recent times, with rockier market conditions continuing to hamper demand. No reaction in XM futures or the outright bond.

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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