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ACGB Jun-35 Auction Shows More Demand

AUSSIE BONDS
StoryAPACFixed Income BulletsAustraliaMarkets

Today’s auction showed strong pricing for ACGBs, with the weighted average yield coming in 0.61bps below prevailing mid-yields, according to Yieldbroker. Additionally, the cover ratio surged to 4.000x, a significant increase from 3.1387x at the previous auction. 

  • As noted in our preview, the current yield was approximately 15bps higher than at the prior auction, likely contributing to the robust demand. Improved sentiment toward longer-dated global bonds over the past week, along with a steeper 3s/10s yield curve, also supported the auction’s success.
  • Post-auction, both the cash line and XM remain largely unchanged.
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Today’s auction showed strong pricing for ACGBs, with the weighted average yield coming in 0.61bps below prevailing mid-yields, according to Yieldbroker. Additionally, the cover ratio surged to 4.000x, a significant increase from 3.1387x at the previous auction. 

  • As noted in our preview, the current yield was approximately 15bps higher than at the prior auction, likely contributing to the robust demand. Improved sentiment toward longer-dated global bonds over the past week, along with a steeper 3s/10s yield curve, also supported the auction’s success.
  • Post-auction, both the cash line and XM remain largely unchanged.