Australia Sells A$19 Billion of Bonds, Breaking Record Again
- New 10-year bond sales racked up orders of A$53.5 billion
- RBA buying, falling overseas yields backstop bond demand
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Australia sold A$19 billion ($12.3 billion) in new 10-year sovereign bonds, a second record-breaking sale in as many months, underscoring appetite for debt in one of the highest-yielding markets among Group-of-10 nations.
The December 2030 bond was sold at a yield of 1.025%, according to the Australian Office of Financial Management said. It received A$53.5 billion of bids, also a record.