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ACGB Nov-32 Supply Passes, Internals Not The Firmest

AUSSIE BONDS

The latest round of ACGB Nov-32 supply ultimately saw smooth passage. However, the internals weren't the firmest witnessed in recent times, with the weighted average yield "only" printing 0.15bp through prevailing mids at the time of supply (per Yieldbroker), while the cover ratio eased a little vs. the prev. offering of the line (although that was to be expected, as we flagged in our auction preview). No post-auction reaction in ACGB Nov-32, nor in XM futures.

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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