AOFM sells May 2028 govt bond at 0.7711%
By Sophia Rodrigues
Published On 18 May 2020 , 11:05 AMThe AOFM has sold A$1.0 billion of 2.25% May 2028 government bond at a weighted average yield of 0.7711%. The coverage ratio was 3.96, well short of the record for this bond in November 2017 when it was 5.3 times. The lowest yield today was 0.7700% and the highest 0.7725%. 5.2966 november 2017
There were 42 bids in total, and only 14 were successful, and among them 8 got 100% allotment.
With this issue, this bond line has now increased A$29.7 billion. The last time this bond was issued was in November 2019 for A$500 million when the weighted average issue yield was 1.1098%.
The bond was first issued in May 2016 via Syndication where A$7.0 billion was issued at a weighted average yield of 2.5250%.
LATEST SNIPPETS
What 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 AMSocial Media Lesson for RBA
A social media lesson for the Reserve Bank of Australia. This morning the RBA posted a tweet about their new $20 note...
Published on : 09 Oct 2019 , 07:00 AMRBA Will Cut Tue But Lowe's Speech Not a Clue
Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...
Published on : 01 Oct 2019 , 11:26 AM