Australia Note yields drop to new low

By Sophia Rodrigues

Published On 01 Oct 2020 , 10:43 AM

Yields at AOFM's Treasury Note auctions dropped to new record low on ample liquidity and expectations of cut in the RBA's cash rate target.

Yield on January 2021 Note fell to 0.982% from 0.1% at the tender last week as the lowest accepted bid dropped to 0.085% compared with 0.1% last week.

 The July 2021 Note yield declined to 0.1153% versus 0.1211% last week. The lowest accept yield was 0.105%, same as last week but the highest fell to 0.125% from 0.13%

Both tenders saw strong demand with coverage ratio over five times.

LATEST SNIPPETS

Australia Note yield drop to new low ahead of RBA cuts

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
Could Australia Note Yield Drop to New Low at Auction?

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
RBA Kent's speech title

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
Australia Note yields drop to new low

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
Just one investor buys entire A$2B of 2030 govt bond at tender

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
RBA once again fails to get 3-year yield close to target

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
RBA bond-buying outcome suggests more buying likely next week

The RBA made nearly equal purchases of the April 2023 government bond and the April 2024 but didn't manage to suf...

Published on : 27 Aug 2020 , 04:07 PM
RBA to buy A$2B of 2023, 2024 govt bonds

After a gap of two weeks, the RBA is back in the market to buy the 2023 and the 2024 government bonds. The RBA a...

Published on : 27 Aug 2020 , 12:29 PM
Record orderbook for Australia new 2031; Record issuance likely

Orderbook for the 1% 21 November 2031 Australia government bond has closed with a record A$65.5 billion, surpassing t...

Published on : 26 Aug 2020 , 09:58 AM
Will new Nov 2031 Australia govt bond syndication create a record?

Will the new 1% 21 November 2031 government bond set a new record for orderbook and issuance size? A good chance it w...

Published on : 26 Aug 2020 , 08:53 AM