AOFM sells May 2028 govt bond at 0.7711%
By Sophia Rodrigues
Published On 18 May 2020 , 11:05 AMThe AOFM has sold A$1.0 billion of 2.25% May 2028 government bond at a weighted average yield of 0.7711%. The coverage ratio was 3.96, well short of the record for this bond in November 2017 when it was 5.3 times. The lowest yield today was 0.7700% and the highest 0.7725%. 5.2966 november 2017
There were 42 bids in total, and only 14 were successful, and among them 8 got 100% allotment.
With this issue, this bond line has now increased A$29.7 billion. The last time this bond was issued was in November 2019 for A$500 million when the weighted average issue yield was 1.1098%.
The bond was first issued in May 2016 via Syndication where A$7.0 billion was issued at a weighted average yield of 2.5250%.
LATEST SNIPPETS
Key points from Australia's private sector credit for October
Key points from Australia's private sector credit growth for October, published by the RBA Friday.
--...
RBA may buy RMBS if dysfunction in mortgage market
Regarding purchase of Residential Mortgage-Backed Securitie (RMBS), RBA Governor Philip Lowe said last night that it...
Published on : 27 Nov 2019 , 09:58 AMRBNZ dismissing possibility of negative OCR?
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 AMIs that another first by the RBA?
The RBA is a rare central bank that doesn't follow anyone on twitter. And it never replies to anyone on twitter....
Published on : 26 Nov 2019 , 12:10 PMLive broadcast of RBA Lowe's speech is first of many
RBA will be broadcasting live "audio" of Governor Philip Lowe's speech later Tuesday. This is the first...
Published on : 26 Nov 2019 , 01:10 AMAustralia consumer confidence falls to over 4-yr low
Australian consumer confidence fell 2.8% in the week to November 25, to the lowest level in over four years, data fro...
Published on : 26 Nov 2019 , 10:04 AMWestpac economists expect Australia house prices to rise 5% in 2020
Economists at Westpac expect Australia's house price upswing to continue in 2020, rising 5%, but with getting cap...
Published on : 25 Nov 2019 , 11:55 AMMoody's warns profits of big four Australian banks under pressure
Profitability of the big four Australian banks is under pressures from low interest rates amid weak credit growt...
Published on : 25 Nov 2019 , 03:35 PMAustralia Oct Labor Data Dovish for RBA Dec Meeting
Australia's unemployment rate rose to 5.3% in October from 5.2%, due to 19,000 fall in employed numbers. This was...
Published on : 14 Nov 2019 , 12:00 AMWhy RBNZ will Hold OCR at 1%
I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...
Published on : 13 Nov 2019 , 12:00 AM