The Australian Office of Financial.....>

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

sell A$900mn of the 2.50% 21 May 2030 Bond, issue #TB155.

- The line was last sold on 15 April 2019 for A$800mn. The sale drew an average

yield of 1.9783%, at a high yield of 1.9800% and was covered 3.419x.

- There were 31 bidders, 16 of which were successful and 7 were allocated in

full. Amount allotted at highest yield as percentage of amount bid at that yield

was 36.4%.

- The line forms part of the deliverable basket for YMM9.

- The line has cheapened in both z-spread & ASW terms recent months, although it

still looks a little rich, but it is the longest dated YM basket bond at

present, so that is to be expected. The cheapening of the line has seen the ACGB

04/2026-05/2030-04/2033 fly touch the lowest levels observed since the fly

became active.

- Results due at 0200BST/1100AEST.