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 buying Australian govt bonds; April 2026-Nov 2029
The RBA is buying Australian government bonds today under the yield target policy, targeting its buying once again in...
Published on : 01 Apr 2020 , 11:51 AMResults of RBA's purchase of semis; yields dn vs last week
The Reserve bank today purchased the following semi-government bonds for a total of A$3 billion. Many of these bonds...
Published on : 31 Mar 2020 , 04:31 PMRBA back to buying semi-government bonds
The RBA is continuing with its bond-buying program Tuesday, and this time it is back to buying semi-government bonds....
Published on : 31 Mar 2020 , 12:02 AMRBA buys entire A$3B bonds; focuses on 2027
Results of the RBA's government bond-buying auction Monday:
The RBA bought the entire A...
Published on : 30 Mar 2020 , 12:00 AMRBA buying A$3B bonds, April 2026-April 2029 maturity
The RBA is continuing with its bond-buying spree under the yield target policy but after two days of focusing on the...
Published on : 30 Mar 2020 , 11:57 AMRBA to publish minutes on April 1 of special March board meeting
RBA will publish on April 1 the minutes of the special monetary policy announcement made on March 19. The meeting too...
Published on : 23 Mar 2020 , 06:15 PMRBA Parliamentary Hearing Bit Unusual But Not Extraordinary
RBA deputy governor Guy Debelle will be appearing before the Economics Legislation Committee in Canberra late evening...
Published on : 04 Mar 2020 , 03:26 PMEx-centralbanker Says RBA Might Do 25+25, Not 50
An ex-centralbanker with strong experience in monetary policy during the global financial crisis says the RBA is more...
Published on : 02 Mar 2020 , 02:44 PMWestpac Evans Expects RBA Cut Tue, QE by mid-year
Not much forecasting on RBA by Westpac's chief economist Bill Evans other than a 25bps cut in the cash rate...
Published on : 02 Mar 2020 , 11:14 AMAustralia Westpac-MI Consumer Sentiment Up But House Price Expectations More Imp For RBA
Consumer sentiment rose 2.3% to 95.5 in February, more than rebounding from the 1.8% fall in January, the Westpac-Mel...
Published on : 12 Feb 2020 , 10:41 AM