AOFM to cease buy-backs; no term-debt tenders scheduled

On 20 March, the Australian Office of Financial Management (AOFM) revealed as part of its weekly announcement of forthcoming transactions that it will cease short-dated treasury bond buy-backs via tender effective immediately. It scheduled no Treasury bond or inflation-linked bond tenders for the week beginning 23 March, having advised a week earlier that “weekly issuance operations for the foreseeable future will take specific account of prevailing market conditions”.