Could Australia Note Yield Drop to New Low at Auction?
By Sophia Rodrigues
Published On 22 Oct 2020 , 10:09 AMLooking forward to the AOFM's weekly T-Note auctions later this morning. The record low weighted average yield for the January 29 Note at auction was 0.0982% on October 8, and record low bid was 0.0850%.
It is likely the record low bid would go down further, and weighted average yield could also go lower as bids get more competitive. All ahead of RBA rate cut expectations for the November 3 board meeting, including expectation of a cut in the ES rate.
LATEST SNIPPETS
AOFM sells Dec 2030 at 1.08% vs May 13 syndication yield 1.025%
The AOFM has sold A$2.0 billion of 1.0% December 2030 government bond at a weighted average issue yield of...
Published on : 10 Jun 2020 , 11:04 AMWill RBA announce bond-buying today?
All eyes on the RBA at 11:15am this morning for any announcement on bond-buying given three-year government bond yiel...
Published on : 10 Jun 2020 , 10:45 AMAOFM sells Nov 2024 bond, Yld up vs last tender
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.38...
Published on : 09 Jun 2020 , 11:05 AMAOFM cuts bond tenders next week; T-Note intact
The AOFM has announced tenders for next week, totaling A$4.0 billion of bonds and A$3.0 billion o...
Published on : 05 Jun 2020 , 12:18 PMAOFM sells 2032 bond at 1.17% vs March record 0.8185%
The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average issue yield of 1.17%, hi...
Published on : 05 Jun 2020 , 11:06 AMAOFM sells April 2023 bond at 0.2496%
The AOFM has sold A$2.0 billion of 5.5% April 2023 government bond at a weighted average issue yield of 0.2496%,...
Published on : 03 Jun 2020 , 11:04 AMAustralia Q1 GDP seen -0.3%q/q but don't rush to declare recession
Based on forecasts from the big four banks, the median for Q1 GDP is -0.3% q/q (ANZ -0.2%, CBA -0.3%, NAB -0.1%, West...
Published on : 02 Jun 2020 , 10:39 PMAOFM sells A$2.0B of Nov 2029 at 0.8691%
The AOFM has sold A$2.0 billion of 2.75% November 2029 government bond at a weighted average issue yield of...
Published on : 02 Jun 2020 , 11:05 AMAOFM sells 2025 bond at record low yield, record high coverage
The AOFM has sold A$1.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...
Published on : 29 May 2020 , 11:05 AMAOFM sells May 2030 bond at 0.8919%, up from 0.8118% on April 6
The AOFM has sold A$2.0 billion of 2.5% May 2030 government bond at a weighted average issue yield of 0.891...
Published on : 26 May 2020 , 11:05 AM