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AUCTION PREVIEW: Sep '30 Index Linked Supply Due

AUSSIE BONDS

The Australian Office of Financial Management (AOFM) will today sell A$100mn of the 2.50% 20 September 2030 Bond, issue #CAIN408. The line was last sold on 14 September 2021 for A$100mn. The sale drew an average yield of -0.8400%, at a high yield of -0.8350% and was covered 4.0400x. There were 32 bidders, 5 of which were successful and 2 were allocated in full. Amount allotted at highest yield as percentage of amount bid at that yield was 38.5%.

  • Linker supply will likely pass smoothly, with most of the sell side pointing to fair value when it comes to breakevens at current levels.
  • 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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