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The AOFM also notes that "regular......>

AUSSIE BONDS
AUSSIE BONDS: The AOFM also notes that "regular buybacks of Treasury Bonds
shorter than those comprising the primary three-year Treasury Bond futures
contract basket will continue. Buybacks can be undertaken via tenders, in
conjunction with syndicated issues, or bilaterally with the Reserve Bank of
Australia. On buyback tender days, a tender for the issuance of the same volume
of longer-dated Treasury Bonds will usually be held. Buyback tenders for the
April 2020, November 2020 and May 2021 Treasury Bonds are planned for the
remainder of 2018-19. Buybacks of around A$15-20 billion for short-dated bonds
maturing after 30 June 2020 are expected in 2019-20."
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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