Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Australia Sells Linkers at Record-Low Yield on Inflation

Don't Miss Out —
Follow us on:

Feb. 21 (Bloomberg) -- The Australian government sold A$900 million ($965 million) of inflation-linked notes at a yield of 1.37 percent, the least ever in offerings that started in 1985.

The government sold the 1.25 percent Feb. 21, 2022 notes at a gross price of A$98.930 per A$100 face value, the Canberra-based Australian Office of Financial Management said today in a statement. The sale implies that investors expect the inflation rate to average 2.80 percent over the lifetime of the debt, the government funding arm said in a separate presentation to investors.

That would be the highest so-called breakeven rate for 10-year Australian debt since Aug. 1, data compiled by Bloomberg show. The AOFM yesterday said it planned to sell A$750 million of the debt, also known as linkers, at a spread of six to eight basis points to the existing 2020 inflation-linked notes. The rate at today’s sale was six basis points higher than the 2020 yield, the AOFM said.

To contact the reporter on this story: Garfield Reynolds at

To contact the editor responsible for this story: Rocky Swift at