On 12 April, the Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched its new, benchmark, November 2032 Treasury bond transaction. The forthcoming deal has indicative price guidance of 10.5-13.5 basis points over EFP. Pricing is expected on the day after launch. Commonwealth Bank of Australia, Deutsche Bank, UBS and Westpac Institutional Bank are joint lead managers.