Free Trial

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

AUSSIE BONDS
AUSSIE BONDS: AUCTION PREVIEW: The Australian Office of Financial Management
(AOFM) will today sell A$2.0bn of the 5.50% 21 Apr 2023 Bond, issue #TB133. The
line was last sold on 3 June 2020 for A$2.0bn. The sale drew an average yield of
0.2496%, at a high yield of 0.2500% and was covered 4.6110x. There were 34
bidders, 11 of which were successful and 2 were allocated in full. Amount
allotted at highest yield as percentage of amount bid at that yield was 40.2%.
- We will keep the previews covering this area of the curve short. The RBA's YCC
currently backstops supply in this zone, with Thursday's risk-off dynamic and
more than ample liquidity set to support demand.
- 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

To read the full story

Close

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.