MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

MNI JAPAN JUNE CORE CPI +2.6% Y/Y; MAY +2.5%

MNI: UK JUL GFK CONSUMER CONFIDENCE INDEX -13

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUCTION PREVIEW: ACGB Sep '26 Supply Due

AUSSIE BONDS

The Australian Office of Financial Management (AOFM) will today sell A$800mn of the 0.50% 21 September 2026 Bond, issue #TB164. The line was last sold on 19 March 2021 for A$1.0bn. The sale drew an average yield of 0.9577%, at a high yield of 0.9625% and was covered 3.4850x. There were 56 bidders, 17 of which were successful and 11 were allocated in full. Amount allotted at highest yield as percentage of amount bid at that yield was 94.4%.

  • The RBA purchase-adjusted net negative supply backdrop (at least until September) and record level of excess liquidity in the domestic banking system should continue to support demand for AOFM offerings, although speculation surrounding the potential for the RBA to choose not to extend its yield targeting scheme to ACGB Nov '24 in July poses a medium term risk to the space. Still, most desks foresee smooth takedown today.
  • The ACGB 2-/5-/10-Year butterfly operates around the middle of the range that has been in play since mid-February.
  • Results due at 0200BST/1100AEST.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepage
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.