Free Trial

Smooth Enough Auction, Although Not Stellar

AUSSIE BONDS

A solid enough round of ACGB-33 supply sees the weighted average yield price 0.97bp through prevailing mids (per Yieldbroker), while the cover ratio prints comfortably above the 2.00x mark. These results were largely in line with our expectations heading into supply, with the wider international caution evident when it comes to deploying capital in ACGBs and lack of outright relative value for the wider sector likely limiting broader participation.

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.