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AUSSIE BONDS: ACGB Nov-27 Auction Sees Strong Demand

AUSSIE BONDS
RegionGlobalBulletAPACFixed Income BulletsAustraliaMarkets

The latest round of ACGB Nov-27 supply sees the weighted average yield print 0.75bps through prevailing mids (per Yieldbroker), extending the recent trend of firm pricing at ACGB auctions.

  • Moreover, the cover ratio increased sharply to 4.4714x from 2.8700x at the September auction.
  • As highlighted in the preview, today’s auction bidding was likely influenced by an outright yield that was around 10bps higher than the previous auction.
  • Positive sentiment towards global bonds and the line’s inclusion in the YM basket were also likely supportive.
  • There has been no change in YM futures or the cash line in post-supply dealings. 
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The latest round of ACGB Nov-27 supply sees the weighted average yield print 0.75bps through prevailing mids (per Yieldbroker), extending the recent trend of firm pricing at ACGB auctions.

  • Moreover, the cover ratio increased sharply to 4.4714x from 2.8700x at the September auction.
  • As highlighted in the preview, today’s auction bidding was likely influenced by an outright yield that was around 10bps higher than the previous auction.
  • Positive sentiment towards global bonds and the line’s inclusion in the YM basket were also likely supportive.
  • There has been no change in YM futures or the cash line in post-supply dealings.