AOFM sells Nov 2022 bond at record low tender yield 0.2384%
By Sophia RodriguesPublished 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.
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 AM
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 AM
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 AM
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 AM
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...Published on : 24 Oct 2019 , 07:08 AM
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...Published on : 17 Oct 2019 , 07:07 AM
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 AM
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
I've spent a bit of time researching whether the RBA will do QE, at what point they will do it, and in what...Published on : 09 Aug 2019 , 11:19 AM
Few interesting stories 2day about RBA's inflation target. I am finding it hard to believe RBA will give up...Published on : 25 Jul 2019 , 11:15 AM