AOFM issues A$2.0B of Nov 2024 bond at 0.3654%
By Sophia RodriguesPublished On 03 Jul 2020 , 11:23 AM
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.3654%. The coverage ratio was 4.4875, marginally lower than the record 4.8666 at May 1 tender. The lowest yield today was 0.3625% and the highest 0.3675%.
There were 46 bids in total, and only 18 were successful, and among them 8 got 100% allotment.
With this issue, this bond line has now increased to A$22.0 billion. The bond was first issued via syndication on April 15 for A$13 billion at weighted average yield of 0.47%, and last issued on June 9 for A$2.0 billion at weighted average issue yield was 0.3865%.
It is very unusual for both market and economists to be strongly expecting a particular outcome (hold) for a RBA boar...Published on : 05 Nov 2019 , 12:00 AM
More reason to buy vs rent? For the first time since at least 2007, gross rental yields for properties in Australia...Published on : 01 Nov 2019 , 12:00 AM
Even before the RBA Nov board meeting begins, I am curious to find out if there will be a vigorous debate about...Published on : 30 Oct 2019 , 07:21 AM
A few weeks back I wrote an article about how in theory the RBA could avoid QE, but to do so requires continuation of...Published on : 31 Oct 2019 , 07:15 AM
The most disappointing numbers in Australia Q3 CPI are the ones for housing group. Rent rose 0.4% y/y (and below 1.0%...Published on : 30 Oct 2019 , 07:13 AM
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...Published on : 24 Oct 2019 , 07:08 AM
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...Published on : 17 Oct 2019 , 07:07 AM
A social media lesson for the Reserve Bank of Australia. This morning the RBA posted a tweet about their new $20 note...Published on : 09 Oct 2019 , 07:00 AM
Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...Published on : 01 Oct 2019 , 11:26 AM
I've spent a bit of time researching whether the RBA will do QE, at what point they will do it, and in what...Published on : 09 Aug 2019 , 11:19 AM