The Australian Office of Financial.....>

AUSSIE BONDS: The Australian Office of Financial Management (AOFM) will today

sell A$1.0bn of the 2.50% 21 May 2030 Bond, issue #TB155.

- The line was last sold on October 10 2018 for A$1.0bn. The sale drew an

average yield of 2.7996%, a high yield of 2.8000% and was covered 3.2440x. There

was 39 bidders, 15 of which were successful and 4 were allocated in full.

- The line has $8.0bn outstanding with a modified duration of 9.87 years.

- The line's yield has operated in a 9bp range in the time since the most recent

auction, last sitting at the lower end of that range at 2.7205%.

- The line looks a little cheap vs. the nearby November 2029s in both Z-spread &

ASW terms. As a reminder the line sits outside of the 10-Year futures basket at

present, and has fairly small notional size outstanding.

- Results due at 0100BST/1100AEDT.