Gross ACGB issuance to ease marginally in 2018/19

The Australian Office of Financial Management (AOFM)’s gross issuance task for 2018/19 is projected to be A$4 billion (US$3 billion) lower than the updated target for the current financial year, at A$70 billion. The AOFM disclosed the new issuance projection on 9 May, the day after the Australian Commonwealth budget.