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Solid Round Of ACGB Nov-32 Supply

AUSSIE BONDS

A solid enough round of ACGB Nov-32 supply sees the weighted average yield price 0.73bp through prevailing mids, with the cover ratio topping the 2.50x mark, just. As we noted in our preview, prevailing market conditions meant that a solid auction was likely, although the cover ratio was likely limited by the proximity to the impending U.S. CPI print (and perhaps even the RBNZ decision), in addition to a continued lack of meaningful foreign demand.

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

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