AOFM sells 2025 bond at record low yield, record high coverage
By Sophia Rodrigues
Published On 29 May 2020 , 11:05 AMThe AOFM has sold A$1.0 billion of 3.25% April 2025 government bond at a weighted average issue yield of 0.3859%, lower than the previous record low of 0.3888% at May 4 tender. The coverage ratio was 5.6920, slightly higher than record 5.4333 at the last tender on May 4. The lowest yield today was 0.3825% and the highest 0.3875%.
There were 35 bids in total, and only 6 were successful, and among them 3 got 100% allotment.
With this issue, this bond line has now increased to A$30.4 billion. The bond was first issued via syndication in May 2013 for A$4.0 billion at weighted average yield of 3.47%, and was last issued on May 4 at a weighted average yield of 0.3888.
LATEST SNIPPETS
RBA Lifts Cash Rate 25bps to 4.60%
The RBA raised the cash rate by 25bps to 4.60%, taking the total rate hike this year to 100bps.
The increas...
Published on : 29 Sep 2026 , 02:45 PMConcerts in Australia and Demand in 2027
There will no doubt be stories about this in the months to come, but based on my understanding, 2027 is turning out t...
Published on : 23 Sep 2026 , 06:54 PMCredit to Macquarie Uni Student
It was a question I was asked by a student at Macquarie University that led to a last-minute decision (I had prepped...
Published on : 23 Sep 2026 , 06:53 PMTwo Big Four Banks Forecasting RBA Sep Hike
Two of the four big banks are now forecasting RBA hike in September. Westpac moved today to September (was the last b...
Published on : 18 Sep 2026 , 06:51 PMRBNZ Assistant Governor Silk to Leave in Dec
RBNZ's assistant governor Karen Silk to leave the bank in December.
The executive leadership team...
Australia and Recession. Really?
Apparently one more RBA cash rate rise will tip Australia into recession, given weak sentiment and housing market dow...
Published on : 10 Sep 2026 , 06:48 PMCentral Bank and Communication - RBA
RBA deputy governor Andrew Hauser's interview with ABC's 7:30 program yesterday was pre-recorded.
Central Banks and Communication - RBNZ
The Reserve Bank of New Zealand lifted the OCR by 25bps to 2.75% and flagged the OCR may need to rise further.
...
RBNZ Lifts OCR 25bps to 2.75%
The Reserve Bank of New Zealand lifted the Official Cash Rate by 25bps to 2.75%. The decision was reached by consensu...
Published on : 02 Sep 2026 , 12:15 PMAustralia And $1T Issuance
Australian Commonwealth securities on issue have crossed A$1 trillion. It is not the same as debt crossing A$1 trilli...
Published on : 02 Sep 2026 , 10:51 AM