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ACGB Jun-31 supply Goes Well

AUSSIE BONDS

The recent stabilisation in wider core FI markets, still elevated (in terms of recent history) outright yield levels & potential for cross-market demand vs. the likes of the U.S. Tsys seemingly combined to result in a firm round of ACGB Jun-31 supply. The weighted average yield printed 1.14bp through prevailing mids (per Yieldbroker), with the cover ratio printing at a very healthy level, just shy of 3.50x. No immediate post-auction reaction in XM futures, nor in ACGB Jun-31.

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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