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

RBA buying concentrated in Nov 2022 govt bond

The RBA bought the entire A$1.5 billion it notified this morning, with 65% of the purchases concentrated in the Novem...

Published on : 14 Apr 2020 , 04:14 PM
RBA buying A$1.5B govt bond at short end

The RBA is buying government bonds at the tapered pace of last Thursday, announcing a notified amount of A$...

Published on : 14 Apr 2020 , 12:07 PM
RBA buys entire A$1.5B; Ylds up vs similar past purchases

The RBA bought the entire A$1.5 billion it offered to purchase today. In case of the 2028 bonds, the cut-of...

Published on : 09 Apr 2020 , 03:58 PM
RBA sells US$500m at third repo auction

The Reserve Bank of Australia’s third repo auction to provide US dollars attracted marginally less demand...

Published on : 09 Apr 2020 , 12:15 PM
RBA tapers bond-buying to A$1.5B

The RBA is reducing its bond-buying further today, notifying an amount of A$1.5 billion, compared with A$2.0 billion...

Published on : 09 Apr 2020 , 12:10 PM
RBA Governor Lowe to deliver speech/Q&A on April 21

The RBA governor Philip Lowe will deliver a speech on April 21 on the day the minutes of the April 7 board meeting is...

Published on : 08 Apr 2020 , 10:51 AM
RBA buys A$2B govt bonds mainly in 2025, 2024

The RBA bought the entire A$2 billion of April 2024-April 2026 government bonds today, focusing mainly on the 2025 an...

Published on : 07 Apr 2020 , 04:39 PM
RBA buying A$2B 2024-2026 bonds today

The RBA is buying government bonds at the short to medium end, with an announcement today to purchase A$2.0 bill...

Published on : 07 Apr 2020 , 12:28 PM
RBA buys more of May 2028 govt bonds

The RBA bought the entire A$2 billion it offered to purchase today, focusing mainly on May 2028 bond. The cut-off yie...

Published on : 06 Apr 2020 , 04:08 PM
RBA buying A$2B 2027-2028 government bonds

The RBA's bond-buying program continues to be a daily event, with an announcement today to purchase A$2.0 billion...

Published on : 06 Apr 2020 , 11:54 AM