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
AOFM issues A$14B of Nov 2032 govt bond via syndication
The AOFM has issued A$14 billion of the 1.75% 21 November 2032 bond issue at a price of +12.5bps, and indicative yiel...
Published on : 13 Apr 2021 , 10:22 AMAustralia 2032 Bond Syndication Prices at 12.5bps Over 10yr Futures
Pricing for The Australian government's 1.75% 21 November 2032 bond issue has been set at +12.5bps, and the order...
Published on : 13 Apr 2021 , 09:37 AMWestpac ups forecast for third round of RBA QE
Westpac has revised its forecast for RBA's Bond Purchase Program, now expecting the second A$100 billion bond-buy...
Published on : 26 Mar 2021 , 11:19 AMAOFM’s auction of June 2031 Australian govt bonds performs well
AOFM’s auction of A$1 billion of 1.5% June 2031 bond today generates relatively strong demand with weighted ave...
Published on : 05 Mar 2021 , 11:12 AMAOFM’s auction of June 2031 Australian govt bond eyed
The results of the AOFM’s auction of A$1 billion of 1.5% June 2031 bond today will be an interesting one, given...
Published on : 05 Mar 2021 , 10:26 AMGreater interest in ASX’s Bond Basket for September 3-Yr Bond Futures
More than usual interest this time in the bond basket for ASX’s September futures contract for three years. The...
Published on : 04 Mar 2021 , 11:11 AMRBA succeeds in driving 3-year yield down at bond-buying auction today
The RBA's aggressive buying of bonds for second consecutive day under the 0.1% three-year yield target polic...
Published on : 26 Feb 2021 , 02:52 PMAOFM doubles T-Notes issuance next week, as expected
As expected, the AOFM doubled the amount of T-Notes at tenders next week to A$2 billion from A$1 billion in the last...
Published on : 26 Feb 2021 , 12:10 PMRBA buying A$3B under yield target policy (as CB-Intel flagged)
The RBA has announced it will buy A$3 billion of the April 2023 and April 2024 government bonds under the yield targe...
Published on : 26 Feb 2021 , 11:38 AMAOFM may raise T-Notes tender next week
After reducing weekly T-Notes tenders to just A$1.0 billion (lowest since March last year) last two times, the AOFM m...
Published on : 26 Feb 2021 , 10:56 AM