AOFM report says CGS well-received in 2010/11 but challenges remain

The Australian Office of Financial Management (AOFM) released its 2010/11 annual report on October 14. The report suggests the overall market for Commonwealth government securities (CGS) issuance was positive over the year, highlighting a marginal reduction in effective yields for the financial year, increased secondary market turnover and increasingly-broad interest in Australian product from global investors.