AOFM still anchoring RMBS market as it passes half its quota

Over A$1 billion (US$724 million) of residential mortgage backed securities (RMBS) has been priced by a brace of Australian issuers in the past week, but with the Australian Office of Financial Management (AOFM) continuing to be the cornerstone investor in all transactions market participants are starting to ask for the agency to extend its buying programme beyond its current A$8 billion commitment.