AOFM sells A$2.0B of Nov 2029 at 0.8691%
By Sophia Rodrigues
Published On 02 Jun 2020 , 11:05 AMThe AOFM has sold A$2.0 billion of 2.75% November 2029 government bond at a weighted average issue yield of 0.8691%, slightly lower than the previous record low of 0.8729% at October 2019 tender. The coverage ratio was 3.3175, significantly lower than record 5.21 times at a tender in May 2018. The lowest yield today was 0.8675% and the highest 0.8725%.
There were 37 bids in total, and only 16 were successful, and among them 8 got 100% allotment.
With this issue, this bond line has now increased to A$28.9 billion. The bond was first issued via syndication in January 2018 for A$9.6 billion at weighted average yield of 2.86%, and was last tendered on January at a weighted average yield of 1.2266%.
LATEST SNIPPETS
RBA Lifts Cash Rate to 4.85%
The Reserve Bank of Australia raised the cash rate by 25bps to 4.85%, taking it to a new cycle peak and the highest r...
Published on : 03 Nov 2026 , 03:34 PMAfter leaving OCR unchanged, RBNZ Governor says hike chance in Dec "high"
Remind me how many central banks have stated the odds of the next move in any direction is "high." (Excepti...
Published on : 30 Oct 2026 , 03:23 PMRBNZ's hold surprises
Central banks have surprised with their monetary policy decisions.
But I have never been as surprised...
RBNZ surprises with OCR on hold at 2.75%
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.75%, surprising almost everyone.
RBA Lifts Cash Rate 25bps to 4.60%
The RBA raised the cash rate by 25bps to 4.60%, taking the total rate hike this year to 100bps.
The increas...
Published on : 29 Sep 2026 , 02:45 PMConcerts in Australia and Demand in 2027
There will no doubt be stories about this in the months to come, but based on my understanding, 2027 is turning out t...
Published on : 23 Sep 2026 , 06:54 PMCredit to Macquarie Uni Student
It was a question I was asked by a student at Macquarie University that led to a last-minute decision (I had prepped...
Published on : 23 Sep 2026 , 06:53 PMTwo Big Four Banks Forecasting RBA Sep Hike
Two of the four big banks are now forecasting RBA hike in September. Westpac moved today to September (was the last b...
Published on : 18 Sep 2026 , 06:51 PMRBNZ Assistant Governor Silk to Leave in Dec
RBNZ's assistant governor Karen Silk to leave the bank in December.
The executive leadership team...
Australia and Recession. Really?
Apparently one more RBA cash rate rise will tip Australia into recession, given weak sentiment and housing market dow...
Published on : 10 Sep 2026 , 06:48 PM