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Pricing Firm In ACGB Nov-25 Supply, Bidding Slides

AUSSIE BONDS

Pricing at the latest round of ACGB Nov-25 supply was firm, with the weighted average yield printing 0.88bp through prevailing mids (per Yieldbroker), although the cover ratio slid below 2.50x. Note that the uptick in issuance size muddies the direct comparability of the latter a little, but looking back at the previous auction results, the 12 Nov auction of the line drew nearly A$3.0bn more in bids, it would seem that the recent issuance dynamic may have limited bidding amounts.

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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