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Supply Easily Digested

AUSSIE BONDS

The latest round of ACGB May '32 supply saw an uptick in the cover ratio vs. the prev. auction of the line, although that was far less impressive when adjusted for the differentiation in auction sizes. Still, the pricing through prevailing mids was perhaps a little firmer than most desks expected (with the weighted average yield printing 0.67bp through prevailing mids, per Yieldbroker).

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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