Australia sells AUD 1.0bln 4.25% 2035 AGB; b/c 3.31x (prev. 2.35x), average yield 5.02% (prev. 4.63%)
Context
The strong bid-to-cover ratio of 3.31x signals solid demand for the Australian government bonds, particularly with the average yield increasing to 5.02%. This renewed interest could reflect shifts in investor sentiment towards risk appetite and expectations for future rate movements, potentially impacting overall sentiment in the fixed income market.
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Open Dashboard#AUSTRALIA#FIXED INCOME#ASIAN SESSION#YIELD