AOFM sells May 2032 bond at 1.69% weighted average yield
By Sophia RodriguesPublished 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.
Any bond-buying to support 3-yr target would be in addition to A$100B QE
Not expecting to raise cash rate f...Published on : 03 Nov 2020 , 02:35 PM
From the RBA's November Monetary Policy Decision statement:
-Cuts cash rate target to 0.1% from 0.25%
Total amount drawdown from the RBA's Term Funding Facility has been unchanged for three straight weeks...Published on : 30 Oct 2020 , 04:13 PM
Yields fell further to new record lows at the AOFM weekly T-Note tenders as market factors in the possibili...Published on : 29 Oct 2020 , 10:42 AM
As expected, the yield on near-term T-Note fell to a new record low at today's AOFM's auction. The weighted a...Published on : 22 Oct 2020 , 10:40 AM
Looking forward to the AOFM's weekly T-Note auctions later this morning. The record low weighted average yield fo...Published on : 22 Oct 2020 , 10:09 AM
The title of RBA assistant governor Chris Kent's speech on Tuesday is a very interesting one, "The Sta...Published on : 19 Oct 2020 , 08:19 PM
Yields at AOFM's Treasury Note auctions dropped to new record low on ample liquidity and expectations of cut...Published on : 01 Oct 2020 , 10:43 AM
One bidder got the entire A$2.0 billion of the 1% December 2030 government bond at the tender today. The yield was 0....Published on : 30 Sep 2020 , 11:20 AM
The RBA again made purchases totalling A$2 billion of the April 2023 and the April 2024 government bond but didn'...Published on : 31 Aug 2020 , 04:17 PM