Australia sells AUD 1.2bln 4.25% October 2035 bonds, b/c 3.90, avg. yield 4.7439%

Australia sells AUD 1.2bln 4.25% October 2035 bonds, b/c 3.90, avg. yield 4.7439%.

Australia's recent bond sale of AUD 1.2 billion in 4.25% October 2035 bonds, with an average yield of 4.7439%, indicates robust demand, especially given the spread relative to recent issuance. The 3.90 bid-to-cover ratio shows a healthy appetite for longer-duration debt, suggesting confidence in the government's fiscal position. This could spill over into broader rate expectations, as investors balance yield attractiveness against upcoming monetary policy shifts.