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ACGB May-28 Auction Results

AUSSIE BONDS

The Australian Office of Financial Management (AOFM) sells A$500mn of the 2.25% 21 May 2028, issue #TB149:

  • Average Yield: 3.5188% (prev. 0.7711%)
  • High Yield: 3.5250% (prev. 0.7725%)
  • Bid/Cover: 5.7000x (prev. 3.9600x)
  • Amount allotted at highest accepted yield as a percentage of amount bid at that yield 6.5% (prev. 27.6%)
  • Bidders 45 (prev. 42), successful 14 (prev. 14), allocated in full 7 (prev. 8)
  • This is the first tap of the line since May 2020, which makes the previous auction metrics pretty much redundant from a comparables standpoint.
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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