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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 1.25% 21 Feb 2022 I/L Bond, issue
#CAIN409. The line was last sold on 10 September 2019 for A$150mn. The sale drew
an average yield of -0.3250%, at a high yield of -0.3250% and was covered
9.4667x. There were 30 bidders, 1 of which was successful and none were
allocated in full. Amount allotted at highest yield as percentage of amount bid
at that yield was 16.7%.
- Breakevens continue to operate at depressed levels, showing little faith in
the RBA's MonPol re: reigniting inflationary pressures, this could make for a
rather bland auction and limit demand.
- Results due at 0100BST/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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