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Not The Strongest Bid At ACGB Jun '31 Auction, But Passes Smoothly

AUSSIE BONDS

he weighted average yield pricing through prevailing mids wasn't particularly strong at today's A$1.0bn round of ACGB Jun '31 supply (0.13bp, per Yieldbroker), with the richening to recent lows in outright yield terms and resultant move in the 3-/10-Year yield spread to multi-month flats likely resulting in a less aggressive bidding stance. Still the cover ratio nudged higher vs. the prev. auction of the line, comfortably topping 3.50x.

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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