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ACGB Nov-29 Supply Goes Well

AUSSIE BONDS

ACGB Nov-29 supply goes well, with outright yield levels, a lack of broader relative value constraints, attractive carry & roll from a micro-RV perspective and the softer than expected Q4 WPI data from Wednesday likely combining to facilitate smooth demand. That allowed the cover ratio to comfortably top 3.00x, while the weighted average yield priced 1.58bp through prevailing mids (per Yieldroker).

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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