AOFM issue guidance for new issuance in 2020-21
By Sophia Rodrigues
Published On 03 Jul 2020 , 12:18 PMAOFM issues guidance for new issuance in 2020-21 that will apply until the 2020-21 federal budget is handed down in October.
Following are the details:
--Treasury bond issuance to be A$4 billion to A$5 billion in most weeks.
--Treasury Notes to be A$2 billion to A$4 billion in most weeks.
--New bond lines maturing in 2025, 2026, 2031 and 2032 will be established via syndication. Also, a new 30-year bond line maturing in June 2051 will be issued via syndication by September 2020*, subject to market conditions.
--Syndicated taps of existing long-dated Treasury Bond lines will remain under consideration consistent with past practice, however, the launch of the new 2051 line will be the priority.
--No plans to resume regular bond buyback tenders during 2020-21.
(corrected to September 2020, following revised release issued by AOFM)
LATEST SNIPPETS
RBA TFF drawdown steady since Sep 30 as bks await rate cut
Total amount drawdown from the RBA's Term Funding Facility has been unchanged for three straight weeks...
Published on : 30 Oct 2020 , 04:13 PMAustralia Note yields continue declining on expectation of 1bp ES rate
Yields fell further to new record lows at the AOFM weekly T-Note tenders as market factors in the possibili...
Published on : 29 Oct 2020 , 10:42 AMAustralia Note yield drop to new low ahead of RBA cuts
As expected, the yield on near-term T-Note fell to a new record low at today's AOFM's auction. The weighted a...
Published on : 22 Oct 2020 , 10:40 AMCould Australia Note Yield Drop to New Low at Auction?
Looking forward to the AOFM's weekly T-Note auctions later this morning. The record low weighted average yield fo...
Published on : 22 Oct 2020 , 10:09 AMRBA Kent's speech title
The title of RBA assistant governor Chris Kent's speech on Tuesday is a very interesting one, "The Sta...
Published on : 19 Oct 2020 , 08:19 PMAustralia Note yields drop to new low
Yields at AOFM's Treasury Note auctions dropped to new record low on ample liquidity and expectations of cut...
Published on : 01 Oct 2020 , 10:43 AMJust one investor buys entire A$2B of 2030 govt bond at tender
One bidder got the entire A$2.0 billion of the 1% December 2030 government bond at the tender today. The yield was 0....
Published on : 30 Sep 2020 , 11:20 AMRBA once again fails to get 3-year yield close to target
The RBA again made purchases totalling A$2 billion of the April 2023 and the April 2024 government bond but didn'...
Published on : 31 Aug 2020 , 04:17 PMRBA bond-buying outcome suggests more buying likely next week
The RBA made nearly equal purchases of the April 2023 government bond and the April 2024 but didn't manage to suf...
Published on : 27 Aug 2020 , 04:07 PMRBA to buy A$2B of 2023, 2024 govt bonds
After a gap of two weeks, the RBA is back in the market to buy the 2023 and the 2024 government bonds. The RBA a...
Published on : 27 Aug 2020 , 12:29 PM