Trial now

Trend Signals Remain Bearish


Holding Onto Recent Gains

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Today's A$1.0bn ACGB Nov '31 auction was easily absorbed, with the weighted average yield pricing 0.59bp through prevailing mids at the time of supply, while the cover ratio saw a modest uptick vs. the prev. auction of the line, printing comfortably above the 5.00x mark. The well-defined supportive factors coupled with a cheaper entry point on the back of the recent weakness in ACGBs outweighed any worries re: the future trajectory of yields.