Australia Note yield drop to new low ahead of RBA cuts
By Sophia Rodrigues
Published On 22 Oct 2020 , 10:40 AMAs expected, the yield on near-term T-Note fell to a new record low at today's AOFM's auction. The weighted average yield on February 26 Note was 0.0733% compared with previous record low of 0.0982% on October 8 (for the January 29 Note).
The record low bid was 0.0600% versus previous record of 0.0850%.
For the 21 May T-Note, the weighted average yield came at 0.0872% versus previous record low of 0.1098%. The record low bid yield was 0.0800%.
All ahead of RBA rate cut expectations for the November 3 board meeting, including expectation of a cut in the ES rate.
LATEST SNIPPETS
RBA to buy AGS for second straight day
The RBA has announced bond-buying via auction for the second consecutive day, keeping the notified amount unchanged a...
Published on : 06 Aug 2020 , 11:42 AMWeighted average yield at RBA's 2023 bond-buying 0.2575%
The RBA bought A$500 million of 5.5% April 2023 Australian government bonds on Wednesday at a cut-off of 0.2525% and...
Published on : 06 Aug 2020 , 09:02 AMRBA buying only A$500m of one bond line -- April 2023
The RBA is buying A$500 million of April 2023 government bonds as part of its bond-buying program which it resumed We...
Published on : 05 Aug 2020 , 12:45 PMAOFM raises A$15B from sale via syndication of new 2051 bond
The Australian government has raised $15 billion from the sale of the new 1.75% June 2051 bond via syndication,...
Published on : 28 Jul 2020 , 11:58 AMAustralia's 2030 bond syndication record likely unbeaten
It appears Australia's A$19 billion debt syndication for the 2030 bond in May will remain a record, with whi...
Published on : 14 Jul 2020 , 10:46 AMCould we have another record Australia debt syndication?
There is a possibility of a new record for Australia's debt issuance after the 21 November 2025 bond attract...
Published on : 14 Jul 2020 , 10:22 AMAOFM gets order of over A$48.8B for 2025 syndication
The Australian governmen's 21 November 2025 bond has attracted order book of over A$48.8 billion, around 30...
Published on : 14 Jul 2020 , 09:07 AMAOFM issue guidance for new issuance in 2020-21
AOFM issues guidance for new issuance in 2020-21 that will apply until the 2020-21 federal budget is handed down...
Published on : 03 Jul 2020 , 12:18 PMAOFM issues A$2.0B of Nov 2024 bond at 0.3654%
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.36...
Published on : 03 Jul 2020 , 11:23 AMAOFM sells Nov 2028 bond at 0.7959%
The AOFM sold A$2.0 billion of 2.75% November 2028 government bond at a weighted average yield of 0.7959%. ...
Published on : 01 Jul 2020 , 11:09 AM