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Another Smooth Round Of Supply

AUSSIE BONDS

A$1.0bn of ACGB Nov '32 supply was easily digested, with the weighted average yield printing 0.43bp through prevailing mids at the time of the auction (per Yieldbroker pricing). The cover ratio was closer to 6.00x than it was 5.00x, with the well-trodden supportive factors and recent cheapening supporting demand (amongst other factors, which were outlined in our preview).

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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