AOFM issues A$2.0B of Nov 2024 bond at 0.3654%

By Sophia Rodrigues

Published 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%.

 

LATEST SNIPPETS

Results of RBA's Bond-buying Auction Monday

Results of the RBA's bond-buying auction Monday, consisting of A$1.5 billion under 3-year yield target and A$2.0...

Published on : 09 Nov 2020 , 03:54 PM
RBA buying total A$3.5B under 3-yr target, QE

The RBA is buying A$3.5 billion of government bonds today, with A$1.5 billion as part of its 3-year yield target, and...

Published on : 09 Nov 2020 , 11:33 AM
Headline from RBA Nov Statement on MonPol

RBA Not Contemplating Further Reduction In Interest Rates
RBA: Focus Will Be QE Program, Prepared To Buy More...

Published on : 06 Nov 2020 , 11:34 AM
RBA buying A$2B of Nov 2028-May 2032 at 1st QE

The RBA is buying A$2 billion of November 2028 to May 2032 government bonds (excluding December 2030 bonds) as p...

Published on : 05 Nov 2020 , 11:21 AM
RBA re-opening media lockups?

It appears the RBA's media lock-ups will restart from Friday when the Statement on Monetary Policy will be publis...

Published on : 04 Nov 2020 , 04:16 PM
Headlines from RBA Lowe's Speech Tuesday

RBA Lowe: No Change in View Little To Be Gained from Negative Policy Rate
RBA Lowe: Negative Policy Rate Extra...

Published on : 03 Nov 2020 , 04:06 PM
More Headlines from RBA Policy

Any bond-buying to support 3-yr target would be in addition to A$100B QE

Not expecting to raise cash rate f...

Published on : 03 Nov 2020 , 02:35 PM
Headline from RBA's November MonPol Decision

From the RBA's November Monetary Policy Decision statement:

-Cuts cash rate target to 0.1% from 0.25% Published on : 03 Nov 2020 , 02:31 PM

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 PM
Australia 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 AM