Record orderbook for Australia new 2031; Record issuance likely
By Sophia RodriguesPublished On 26 Aug 2020 , 09:58 AM
Orderbook for the 1% 21 November 2031 Australia government bond has closed with a record A$65.5 billion, surpassing the previous high held by the December 2030 bond which attracted A$53.5 billion. The final price is 9bps over the implied bid yield on 10-year futures, compared with 8.5bps-9.5bps on Tuesday and a 8bps-11bps at the time of launch. This works out to yield of 1.035%
The issuance is expected to be A$18 billion to A$21 billion and could surpass the A$19 billion issuance size for the December 2030 bond syndicated in May.
Citigroup Global Markets Australia Pty Limited, Commonwealth Bank of Australia, UBS AG, Australia Branch and Westpac Institutional Bank are Joint-Lead Managers for the issue.
RBA Lowe: If the unemployment rate were to be moving MATERIALLY in the wrong direction n there was no further progres...Published on : 07 Feb 2020 , 10:59 AM
Westpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, c...Published on : 24 Jan 2020 , 11:26 AM
Economists at ANZ have removed RBA cut in February from their forecast following the strength in employment in Novemb...Published on : 23 Jan 2020 , 01:37 PM
Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentimen...Published on : 22 Jan 2020 , 11:36 AM
Australia net export to contribute 0.2 percentage point to Q3 GDP, data from ABS showed.
Terms of trade was st...
Consumer confidence rose 1.2% in the week to Dec. 1 to 108.1, marking the first rise in four weeks but remained...Published on : 03 Dec 2019 , 10:04 AM
Job ads fell for the second straight month in November, down 1.7% m/m after a 1.0% fall in October, data from ANZ sho...Published on : 02 Dec 2019 , 11:42 AM
Key points from Australia's private sector credit growth for October, published by the RBA Friday.
Regarding purchase of Residential Mortgage-Backed Securitie (RMBS), RBA Governor Philip Lowe said last night that it...Published on : 27 Nov 2019 , 09:58 AM
The RBNZ appears to be dismissing the possibility of a negative official cash rate. In the Financial Stability Report...Published on : 27 Nov 2019 , 07:17 AM