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Apr-29 Supply Goes Well

AUSSIE BONDS

Smooth passage of the latest round of ACGB Apr-29 supply sees the cover ratio print above 3.50x, while the weighted average yield prices 1.28bp through prevailing mids (per YieldBroker). As noted ahead of the auction, the yield on offer (despite the YtD rally), investor focus on the end of the tightening cycles at the major global central banks and signs of demand for the line via the RBA’s SLF outweighed any worry generated by last week’s firmer than expected Q4 CPI data.

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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