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ACGB Nov-28 Supply Goes Well

AUSSIE BONDS

The latest round of ACGB Nov-28 supply goes well, with the weighted average yield printing 0.77bp through prevailing mids (per Yieldbroker), while there was a healthy cover ratio of 3.13x. The positives that we outlined pre-auction resulted in an outcome that was roughly in line with what we expected in terms of bidding metrics, with wider relatively value constraints perhaps limiting the auction from being as strong as it could have been.

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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