The Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) launched a syndicated benchmark November 2029 nominal bond on 15 January, with initial price guidance of 7-10 basis points over the implied bid yield for the primary 10-year treasury bond futures contract. Citi, Commonwealth Bank of Australia, Deutsche Bank and UBS are leading the deal, which is expected to price the day after launch.