AOFM's 2009/10 issuance cut by A$10 billion but TIB tenders to begin

Australia's better-than-expected economic performance since the last Commonwealth budget in May will lead to a reduction of government bond issuance of up to A$10 billion (US$9.06 billion) in the rest of the 2009/10 financial year, according to a November 5 statement from the Australian Office of Financial Management (AOFM). Total issuance for the year is now expected to be A$50.2-52.2 billion instead of the expected A$60 billion.