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ACGB May-28 Supply Goes Well

AUSSIE BONDS

The latest round of ACGB May-28 supply goes well, with the weighted average yield pricing 1.64bp through prevailing mids (per Yieldbroker), while the cover ratio comfortably topped the 5.00x mark. Even the high yield printed just over 1.00bp through prevailing mids. The infrequency of taps of the line (this is the first tap since H120) and low free float will have supported demand. No reaction in secondary market pricing of the line, with ACGBs still on the defensive.

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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