AOFM sells Dec 2030 at 1.08% vs May 13 syndication yield 1.025%
By Sophia Rodrigues
Published On 10 Jun 2020 , 11:04 AMThe AOFM has sold A$2.0 billion of 1.0% December 2030 government bond at a weighted average issue yield of 1.0800%. The coverage ratio was 3.1725 times. The lowest yield today was 1.0750% and the highest 1.0825%.
There were 44 bids in total, and only 20 were successful, and among them 12 got 100% allotment.
This is the first re-issue of the bond since A$19 billion was issued via syndication on May 13 at a weighted average issue yield of 1.0250%.
LATEST SNIPPETS
Why 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 AMWill RBA Debate Further Easing at Nov Meeting?
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 AMRBA Should Cut Now to Avoid QE
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 AMAustralia: Housing Group Numbers Disappoint Most in CPI
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 AMChallenges of Communication. AOFM Tender Doesn't Sell Fully
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...
Published on : 24 Oct 2019 , 07:08 AMRBA Debelle's speech is Dovish
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...
Published on : 17 Oct 2019 , 07:07 AM