On 17 September, Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched a new, benchmark treasury indexed bond (TIB), due February 2050, by syndication. Initial price guidance for the forthcoming deal is 9-13 basis points over the August 2040 TIB, which equates to -150 to -146 basis points versus the implied yield for the December 2018 10-year treasury bond futures contract. Pricing is expected on the day after launch.