Free Trial

The Australian Office of Financial.....>

AUSSIE BONDS
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 December 12 for A$1.0bn. The sale drew an average
yield of 2.4958%, a high yield of 2.4975% and was covered 2.830x. There were 36
bidders, 15 of which were successful and 8 were allocated in full. Amount
allotted at highest accepted yield as percentage of amount bid at that yield was
88.7%.
- The line has A$11.0bn outstanding with a modified duration of 9.82 years.
- The bond does not constitute part of the deliverable basket for XMH9.
- The line's yield has operated in a ~30bp range in the time since the most
recent auction, last sitting ~12bp off of the bottom of that range at 2.3282%.
- The line looks a little rich against the nearby basket constituents (on both
ASW & Z-spread terms), and will be the next Bond to move into the XM deliverable
basket.
- Results due at 0000GMT/1100AEDT.
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.