Free Trial

Pricing Firm In First Test Of Shorter Dated Supply In The Post-YCT World

AUSSIE BONDS

The cover ratio at the ACGB Apr-25 auction wasn't particularly firm, with the recent vol. and removal of micro curve interest likely resulting in a much less aggressive stance when it came to capital deployment. Still, the pricing on the auction was far more encouraging, with the weighted average yield printing 0.87bp through prevailing mids (per Yieldbroker). The well-documented supportive factors and hedgability of the line (flagged ahead of the auction) ultimately prevailed, providing smooth passage.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.