AOFM sells A$2.0B of Nov 2029 at 0.8691%
By Sophia Rodrigues
Published On 02 Jun 2020 , 11:05 AMThe AOFM has sold A$2.0 billion of 2.75% November 2029 government bond at a weighted average issue yield of 0.8691%, slightly lower than the previous record low of 0.8729% at October 2019 tender. The coverage ratio was 3.3175, significantly lower than record 5.21 times at a tender in May 2018. The lowest yield today was 0.8675% and the highest 0.8725%.
There were 37 bids in total, and only 16 were successful, and among them 8 got 100% allotment.
With this issue, this bond line has now increased to A$28.9 billion. The bond was first issued via syndication in January 2018 for A$9.6 billion at weighted average yield of 2.86%, and was last tendered on January at a weighted average yield of 1.2266%.
LATEST SNIPPETS
Live broadcast of RBA Lowe's speech is first of many
RBA will be broadcasting live "audio" of Governor Philip Lowe's speech later Tuesday. This is the first...
Published on : 26 Nov 2019 , 01:10 AMAustralia consumer confidence falls to over 4-yr low
Australian consumer confidence fell 2.8% in the week to November 25, to the lowest level in over four years, data fro...
Published on : 26 Nov 2019 , 10:04 AMWestpac economists expect Australia house prices to rise 5% in 2020
Economists at Westpac expect Australia's house price upswing to continue in 2020, rising 5%, but with getting cap...
Published on : 25 Nov 2019 , 11:55 AMMoody's warns profits of big four Australian banks under pressure
Profitability of the big four Australian banks is under pressures from low interest rates amid weak credit growt...
Published on : 25 Nov 2019 , 03:35 PMAustralia Oct Labor Data Dovish for RBA Dec Meeting
Australia's unemployment rate rose to 5.3% in October from 5.2%, due to 19,000 fall in employed numbers. This was...
Published on : 14 Nov 2019 , 12:00 AMWhy RBNZ will Hold OCR at 1%
I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...
Published on : 13 Nov 2019 , 12:00 AMMarket Pricing for RBNZ Cut --How Much is "Will do"?
In their markets outlook on Nov 11, economists at BNZ wrote, "RBNZ shouldn’t cut this week but probably wi...
Published on : 13 Nov 2019 , 12:00 AMWhat does RBA's Gentle Turning Point Refer to?
RBA Governor Philip Lowe first referred to gentle turning point at the Parliamentary testimony in August when he said...
Published on : 07 Nov 2019 , 12:00 AMExpect Dovish RBA Statement, Refined Forward Guidance
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 AMAustralia: More Reason to Buy vs Rent Dwelling
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