May 18, 2022 01:06 GMT
Smooth ACGB Nov-32 Supply Seen
AUSSIE BONDS
A smooth round of ACGB Nov-32 supply sees the average weighted yield price 0.61bp through prevailing mids (per Yieldbroker), with the cover ratio printing comfortably above the 2.00x mark. A fairly bland auction all things told, with the expected smooth digestion, aided (but also limited) by the factors outlined in our auction preview. No immediate post-auction reaction in XM futures, nor in ACGB Nov-32.
64 words