Australia Sells A$4 Billion of April 2025 Bonds in Record Issue
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Australia sold A$4 billion ($3.9 billion) of bonds maturing in 2025, its biggest-ever offering of nominal debt, after the steepest advance in benchmark yields since January.
The 3.25 percent note maturing April 21, 2025, priced to yield 3.47 percent, the Canberra-based Australian Office of Financial Management said in an e-mailed statement today. Similar-maturity U.S. Treasuries yield 2.14 percent. Australia’s 10-year rate at 3.26 percent has risen 16 basis points in May.