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Cover Slips At Latest ACB Nov-25 Auction

AUSSIE BONDS

It would seem that today’s ACGB Nov-25 auction was impacted by the “Monday curse,” which is effectively issuing during the lowest liquidity period of the week (in a broader markets context). Cover barely topped 2.50x as a result, although the pricing of the auction was firm, with the weighted average yield printing 0.91bp through prevailing mids (per Yieldbroker), with supply ultimately digested smoothly.

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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