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ACGB Nov-29 Supply Passes Smoothly

AUSSIE BONDS

ACGB Nov-29 supply was digested smoothly, with the weighted average yield printing 0.77bp through prevailing mids at the time of supply (per Yieldbroker), while the cover ratio topped the 3.00x mark. Demand to borrow the line via the RBA’s SLF flagged the potential for a slightly stronger than average auction (as we noted in our auction preview), and that is what we saw.

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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