AOFM exploits safe haven demand to lengthen CGS curve in 2011/12
- Tuesday, 30 October 2012
The Australian Office of Financial Management (AOFM) published its annual report for the 2011/12 financial year on October 30, which the agency used as an opportunity to highlight strong demand, tightening yields and extended tenor as key successes for the Commonwealth government securities (CGS) market over the period. The AOFM says 10-year Treasury bond yields declined by more than 200 basis points during 2011/12.
