Free Trial

Solid Pricing At ACGB May-32 Supply

AUSSIE BONDS

The latest round of ACGB May-32 supply sees firm enough pricing, with the weighted average yield printing 0.65bp through prevailing mids (prevailing mids based on Yieldbroker data), although the cover ratio wasn’t particularly firm, printing at 2.32x. Note that the auction was still comfortably covered, albeit with cover shy of that which was witnessed during RBA QE times. Still, wider market sentiment is more of a factor for the space at the minute, with the firm enough auction pricing more than offsetting the blip lower in cover. An uptick in e-minis is still pressuring the space, with YM +9.0 & XM +4.5 at typing.

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.