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ACGB Nov-24 Supply Goes Very Well

AUSSIE BONDS

A very well-received round of ACGB Nov-24 supply sees the weighted average yield price 2.45bp through prevailing mids, with the cover ratio easily topping the 4.00x mark. Recent market stabilisation and clear demand for access to the line (as evidenced by the amount on loan via the RBA’s SLF) was always likely to result in a smooth round of digestion when it came to today’s auction.

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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