AOFM sells May 2032 bond at 1.69% weighted average yield

By Sophia Rodrigues

Published On 24 Feb 2021 , 11:20 AM

The AOFM sold A$2 billion of the 1.25% May 2032 government bond at weighted average issue yield of  1.6900%. 

As expected, the difference between the lowest and highest accepted yield was wider at 1.25bps. Still, it was a decent outcome considering the spread was as high as 4.25bps at the tender of this bond in April last year at the height of the pandemic.

Coverage ratio was 2.5825 times, very similar to tender of the same bond in November last year but slightly lower than past average of over 3 times.

LATEST SNIPPETS

RBA 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 AM
AOFM 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 AM
Could 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 AM
Australia 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 AM
AOFM 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 AM
AOFM'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 AM
RBA 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 AM
RBA 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 AM
Westpac 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
Australia jobless rate drops to 6.4%; hours worked falls sharply due to leave

Australia's unemployment rate fell to 6.4% in January from 6.6% as the number of employed rose 29,100 while the n...

Published on : 18 Feb 2021 , 12:08 PM