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‌AUCTION‌ ‌PREVIEW:‌ ‌Jun '51 ACGB Supply Due

AUSSIE BONDS

The Australian Office of Financial Management (AOFM) will today sell A$300mn of the 1.75% 21 June 2051 Bond, issue #TB162.

  • This represents the first tap of the line since the original launch via syndication back in July '20.
  • The recent demand for longer dated paper (and potential liaison with dealers) has probably resulted in this particular bond being offered, with a more than palatable DV01 evident.
  • The outright yield of the line sits ~10bp off the recent richest levels (which were some way above last year's lows in yield terms), although the aforementioned recent interest in longer dated paper and the well-documented excess liquidity sloshing around in the domestic banking system should result in a smooth enough passage of supply.
  • Results due at 0200BST/1100AEST.
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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