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ACGB Auction Lends Support

AUSSIE BONDS

A solid ACGB Jun '31 auction provides some support for the space, with the weighted average yield printing through prevailing mids by ~0.3bp while the cover ratio firmed and yield tail narrowed when compared to the prior auction. YM -0.5, XM +0.5.

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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