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Futures Shrug Off Uninspiring ACGB Auction

AUSSIE BONDS

Not the firmest round of ACGB supply there with the cover ratio on the softer side, albeit not as soft when adjusted for the size differential vs. the prev. auction, while the weighted average yield "only" printed 0.17bp through prevailing mids at the time of supply (per Yieldbroker prices). Still, no real reaction in futures, YM -1.0, XM unchanged on the day, with tight ranges observed.

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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