AOFM launches syndicated tap of June 2039 Treasury bond

On 14 May, the Australian Office of Financial Management (AOFM) launched a syndicated tap of its June 2039 Treasury bond. The forthcoming transaction will be “of a modest size” and has indicative price guidance of 35-37 basis points over the implied bid yield for the primary 10-year Treasury bond futures contract. Pricing is expected on the day after launch.