AOFM sells $1bn of Treasury notes

THE Australian government has sold $1 billion of Treasury notes that mature on January 24, 2014.

The Australian Office of Financial Management (AOFM), which conducts bond auctions on the behalf of the government, said the notes were sold for a weighted average yield of 2.4688 per cent

The sale attracted bids totalling $2.992 billion, giving a coverage ratio of 2.99.

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