Australia sells May 2032 bond at 0.9853% Weighted Avg Yld. Coverage 4.09 times
By Sophia RodriguesPublished On 17 Apr 2020 , 11:07 AM
The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average yield of 0.9853%. The coverage ratio was 4.0970, with the lowest yield at 0.9450% and the highest at 0.9875%
With this issue, the total issue of this bond has risen to A$8.7 billion. At the last auction on March 18 for A$500 million, the bond was sold at a weighted average yield of 1.2852.
Today's coverage ratio was the highest of the five tenders for this bond so far (including today). The previous best was the 3.59 coverage ratio at the March 18 auction.
One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...Published on : 05 Feb 2019 , 07:02 AM
Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...Published on : 31 Jan 2019 , 06:33 AM
Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...Published on : 10 Jan 2019 , 06:29 AM
Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...Published on : 02 Jan 2019 , 06:28 AM
How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM