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AUCTION PREVIEW: The Australian........>

AUSSIE BONDS
AUSSIE BONDS: AUCTION PREVIEW: The Australian Office of Financial Management
(AOFM) will today sell A$100mn of the 0.75% 21 Nov 2027 I/L Bond, issue
#CAIN414. The line was last sold on 13 August 2019 for A$150mn. The sale drew an
average yield of -0.2072%, at a high yield of -0.1800% and was covered 1.8333x.
There were 21 bidders, 18 of which were successful and 17 were allocated in
full. Amount allotted at highest yield as percentage of amount bid at that yield
was 25%.
- Breakeven are back from recent cycle lows, but still sit at low levels on a
historical basis, with many questions over how effective looser RBA MonPol will
prove to be.
- 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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