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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.
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Free AccessAUCTION PREVIEW: The Australian........>
AUSSIE BONDS: AUCTION PREVIEW: The Australian Office of Financial Management
(AOFM) will today sell A$400mn of the 2.75% 21 May 2041 Bond, issue #TB156. The
line was last sold on 17 July 2018, via syndication. The syndication saw A$3.6bn
allotted at an average yield of 3.0900%.
- The line has A$3.6bn outstanding.
- Recent AOFM issuance has focused on the 10-Year sector of the curve, and it is
fair to say that the last couple of rounds of supply were less than firm (this
could be a product of continued issuance in the 10-Year zone over a short
horizon).
- The recent pull back in yields from cycle lows has seen the line cheapen in
both ASW & z-spread terms.
- Some desks have noted that the AOFM wouldn't usually conduct a tender of such
a long bond without indications of demand from dealers.
- Results due at 0200BST/1100AEST.
To read the full story
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Please enter your details below.
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.