AOFM sells Nov 2022 bond at record low tender yield 0.2384%

By Sophia Rodrigues

Published On 25 May 2020 , 11:05 AM

The AOFM has sold A$2.0 billion of 2.25% November 2022 government bond at a weighted average issue yield of 0.2384%, lower than the previous record low of 0.2450% at April 6 tender. The coverage ratio was 4.5310, well short of 7.6833 at a tender in in July 2018. The lowest yield today was 0.2350% and the highest 0.2400%. 

There were 42 bids in total, and only 13 were successful, and among them 5 got 100% allotment.

With this issue, this bond line has now increased to A$24.5 billion. The bond was first issued in October 2017 for A$3.5 billion at weighted average yield of 2.4167, and was last issued on April 20 at a weighted average yield of 0.2544.

LATEST SNIPPETS

Case for cut in RBA's cash rate builds further

The volume in Australia's interbank overnight cash transactions fell to new record low of A$42 million on Tuesday...

Published on : 13 May 2020 , 11:34 AM
Price guidance for AOFM's Dec 2030 bond 7-10bps over 10-yr futures

AOFM has announced the price guidance for the 1% December 2030 Treasury bond -- a spread of 7bps to 10bps over the im...

Published on : 12 May 2020 , 09:06 AM
AOFM announces joint lead managers to 2030 syndication

AOFM has announced joint lead managers for the planned syndication of the new December 2030 government bond next week...

Published on : 08 May 2020 , 12:51 PM
AOFM to sell new bond line maturing 2030 via syndication

The AOFM has announced a new bond line to be issued via syndication. The bond is December 2030.  The joint...

Published on : 08 May 2020 , 12:15 PM
From RBA's May SOMP Baseline Forecasts

From the RBA’s May Statement on Monetary Policy:

Baseline Scenario:

--GDP growth -8% June 2...

Published on : 08 May 2020 , 11:32 AM
AOFM sells A$1.5B 2023 bond below RBA's 0.25% target

The AOFM has sold A$1.5 billion of 5.5% April 2023 government bond at a weighted average yield of 0.2348%.&...

Published on : 08 May 2020 , 11:05 AM
NZ inflation expectations lowest on record; house price seen -5% in a year.

New Zealand inflation expectations fell to the lowest on record, with one-year consumer price index inflation at 0.74...

Published on : 07 May 2020 , 01:14 PM
RBA buys A$600M of semis

The RBA bought A$600 million of semis via bond-buying auction today within the maturity January 2021 to December 2023...

Published on : 06 May 2020 , 05:07 PM
AOFM sells 2031 bond at weighted avg yield 0.9369%

The AOFM has sold A$2.5 billion of 1.25% June 2031 government bond at a weighted average yield of 0.9369%. ...

Published on : 06 May 2020 , 11:10 AM
RBA buys A$500m govt bonds, mostly Nov 2027

The RBA bought A$500 million of April 2027 to November 2028 government bonds, focusing 65% of the purchase on the Nov...

Published on : 04 May 2020 , 04:19 PM