Will new Nov 2031 Australia govt bond syndication create a record?
By Sophia Rodrigues
Published On 26 Aug 2020 , 08:53 AMWill the new 1% 21 November 2031 government bond set a new record for orderbook and issuance size? A good chance it will.
On Tuesday, the orderbook touched A$52.5 billion with price range of 8.5bps-9.5bps over the implied bid yield on 10-year futures. More orders are expected by the time the book closes this morning, but the orderbook could drop with further tightening in price.
The AOFM will also decide on the issuance size. There is a good chance it might exceed 2030's record A$19 billion issuance but it all depends on the quality of the orderbook.
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.
LATEST SNIPPETS
Challenges of Communication. AOFM Tender Doesn't Sell Fully
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...
Published on : 24 Oct 2019 , 07:08 AMRBA Debelle's speech is Dovish
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...
Published on : 17 Oct 2019 , 07:07 AMSocial Media Lesson for RBA
A social media lesson for the Reserve Bank of Australia. This morning the RBA posted a tweet about their new $20 note...
Published on : 09 Oct 2019 , 07:00 AMRBA Will Cut Tue But Lowe's Speech Not a Clue
Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...
Published on : 01 Oct 2019 , 11:26 AMRBA QE Would be About Lowering Exchange Rate
I've spent a bit of time researching whether the RBA will do QE, at what point they will do it, and in what...
Published on : 09 Aug 2019 , 11:19 AMRBA Won't Give Up on Inflation Target
Few interesting stories 2day about RBA's inflation target. I am finding it hard to believe RBA will give up...
Published on : 25 Jul 2019 , 11:15 AMRBA may Debate 50bps Cut at July meeting
Two weeks ago it seemed RBA would not cut the cash rate in July, let alone lowering it by 50bps. But I did sugge...
Published on : 21 Jun 2019 , 11:13 AMRBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity
The RBA will cut the cash rate to a new record low at its meeting today and will maintain an easing bias. The market...
Published on : 04 Jun 2019 , 07:33 AMRBA Should Cut Soon, Not Wait
Any RBA rate cut now would be from a position of strength. The last thing the RBA should do is wait for this strength...
Published on : 07 Mar 2019 , 07:10 AMRBA's Own Video makes Arguments for Rate Cut
If you've not seen this video from RBA, you should see it if monpol is your area of interest. While the vide...
Published on : 06 Mar 2019 , 07:07 AM