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ACGB Nov-27 Supply Prices Firmly

AUSSIE BONDS

ACGB Nov-27 supply sees the weighted average yield print 1.19bp through prevailing mids, although cover comes in at a mere 2.52x. As we flagged in our preview it would seem that market vol. and the hawkish RBA market pricing is keeping many prospective bidders sidelined, while the lack of liquidity means that those that want to guarantee access to the line are having to pay up at 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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