AOFM provides issuance update; no more syndication this year
By Sophia Rodrigues
Published On 22 May 2020 , 12:15 PMThe AOFM has announced an issuance update today, saying total gross bond issuance for 2019-20 would be A$130 billion, out of which A$105.2 billion has been done so far.
The next issuance update would be in mid-July and until then there will be no more bond syndications, AOFM said. Treasury Bond issuance via tender will continue at around A$5 billion in most weeks. Three tenders of Treasury Indexed Bonds are planned over the remainder of 2019-20 and Treasury Note issuance is planned to be around A$3 to A$5 billion each week.
AOFM announced the following tenders for next week, totaling A$5.0 billion of bonds and A$4.0 billion of notes. After restricting maximum T-note maturity to six months last week, AOFM has again extended maturity this week.
Treasury bonds:
--A$2.0 billion of the November 2022 bond on Monday
--A$2.0 billion of the May 2030 bond on Wednesday
--A$1.0 billion of the April 2025 bond on Friday
Treasury Notes tender (all on Thursday)
--A$1.5 billion of 21 August 2020
--A$1.0 billion of 27 Novermber 2020
--A$1.0 billion of 25 February 2021
There will also be A$100 million of 2.5% September 2030 Treasury Indexed Bond tender on Tuesday.
LATEST SNIPPETS
AOFM doubles T-Notes issuance next week, as expected
As expected, the AOFM doubled the amount of T-Notes at tenders next week to A$2 billion from A$1 billion in the last...
Published on : 26 Feb 2021 , 12:10 PMRBA buying A$3B under yield target policy (as CB-Intel flagged)
The RBA has announced it will buy A$3 billion of the April 2023 and April 2024 government bonds under the yield targe...
Published on : 26 Feb 2021 , 11:38 AMAOFM may raise T-Notes tender next week
After reducing weekly T-Notes tenders to just A$1.0 billion (lowest since March last year) last two times, the AOFM m...
Published on : 26 Feb 2021 , 10:56 AMCould RBA surprise with bond-buying today?
All eyes on the RBA today for any announcement on bond purchases under the three-year yield target policy. Since Nove...
Published on : 26 Feb 2021 , 10:35 AMAustralia wage price index beat expectations as some wage reductions unwind
Australia's wage price index beat expectations with a 0.6% q/q and 1.4% y/y rise in December 2020 quarter, data p...
Published on : 24 Feb 2021 , 11:37 AMAOFM sells May 2032 bond at 1.69% weighted average yield
The AOFM sold A$2 billion of the 1.25% May 2032 government bond at weighted average issue yield of 1.6900%.&nbs...
Published on : 24 Feb 2021 , 11:20 AMAOFM's A$2B May 2032 tender result will be interesting
Looking ahead to the results of the AOFM's tender of A$2 billion of 1.25% May 20232 government bonds in about 15...
Published on : 24 Feb 2021 , 10:46 AMRBA buying A$1B of April 2024 under yield target policy
The RBA meets market expectation by announcing purchase of bonds under the three-year yield target policy, apart from...
Published on : 22 Feb 2021 , 11:34 AMRBA bond-buying announcement keenly awaited
Market looking forward to RBA's bond-buying announcement today for purchases under three-year yield target policy...
Published on : 22 Feb 2021 , 10:58 AMWestpac Evans sees Aussie 10-year yield at 1.9% end-2021
Westpac's chief economist Bill Evans has raised his forecast for US 10-year bond yield to 1.8% from 1.5% by the e...
Published on : 19 Feb 2021 , 04:28 PM