Free Trial
BOJ

Nothing New From Kuroda

CHINA RATES

China Repo Rates Rise on Thursday

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Smooth Digestion Of ACGB Nov-28 Supply

AUSSIE BONDS

The latest round of ACGB Nov-28 supply passes smoothly, with the weighted average yield printing 1.12bp through prevailing mids (per Yieldbroker), while the cover ratio printed comfortably above the 2.50x level. The recent outright cheapening likely resulted in a baseline level of demand, although the lack of interest in ACGBs on the part of most offshore investors likely limited the cover ratio, as we suggested would be the case pre-auction.

70 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The latest round of ACGB Nov-28 supply passes smoothly, with the weighted average yield printing 1.12bp through prevailing mids (per Yieldbroker), while the cover ratio printed comfortably above the 2.50x level. The recent outright cheapening likely resulted in a baseline level of demand, although the lack of interest in ACGBs on the part of most offshore investors likely limited the cover ratio, as we suggested would be the case pre-auction.