March 06, 2025 23:50 GMT
AUSSIE BONDS: AUCTION PREVIEW: ACGB Dec-30 Supply Due
AUSSIE BONDS
The Australian Office of Financial Management (AOFM) will today sell A$700mn of the 1.00% 21 December 2030 bond. The line was last sold on 14 February 2024 for A$800mn. The sale drew an average yield of 4.0856%, at a high yield of 4.0875% and was covered 2.7125x. There were 45 bidders, 15 of which were successful and 8 were allocated in full.
- This week's ACGB supply is in line with the usual weekly issuance of A$1.5bn, with A$800mn of the 4.25% 21 March 2036 bond issued on Wednesday.
- According to the MYEFO 2024-25 Issuance Program Update from the Australian Office of Financial Management (AOFM), total issuance has been revised to approximately A$95 billion, with A$46.4 billion completed at that time. This includes around A$2 billion in Green Treasury Bond tenders, of which A$600 million had been issued at that time, and A$3 billion in Treasury Indexed Bonds, with A$1.7 billion completed at that time.
- Results are due at 0000 GMT / 1100 AEST.
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