The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 557 held on November 19, 2015.
Tender Date: Thursday, November 19, 2015
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, November 24, 2015
Nov 19 - #557 | Sept 11 - #551 | Aug 13 - #548 | Jul 9 - #545 | Jun 12 - #544 | May 14 - #542 | |
Series Offered | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 | 4.50% 15 Apr 2027 |
Total Amount Offered ($million) | 200 | 200 | 200 | 200 | 300 | 300 |
Total Amount Allocated ($million) | 200 | 200 | 200 | 200 | 300 | 300 |
Total Number of Bids Received | 41 | 47 | 34 | 49 | 136 | 81 |
Total Amount of Bids Received ($million) | 361 | 437 | 365 | 677 | 1,123 | 660 |
Total Number of Successful Bids | 24 | 24 | 8 | 2 | 32 | 51 |
Highest Yield Accepted (%) | 3.640 | 3.290 | 3.290 | 3.385 | 3.890 | 3.790 |
Lowest Yield Accepted (%) | 3.580 | 3.260 | 3.260 | 3.375 | 3.850 | 3.710 |
Highest Yield Rejected (%) | 3.880 | 3.490 | 3.390 | 3.500 | 4.095 | 4.415 |
Lowest Yield Rejected (%) | 3.640 | 3.290 | 3.290 | 3.395 | 3.890 | 3.790 |
Weighted Average Accepted Yield (%) | 3.6057 | 3.2799 | 3.2676 | 3.3800 | 3.8702 | 3.7542 |
Weighted Average Rejected Yield (%) | 3.7056 | 3.3142 | 3.3205 | 3.4236 | 3.9384 | 3.9738 |
Amount Allotted at Highest Accepted Yield as Percentage of Amount Bid at that Yield* | 77.1 | 33.7 | 50 | 100 | 46.2 | 28.9 |
Coverage ratio | 1.805 | 2.185 | 1.825 | 3.385 | 3.743 | 2.20 |
*Individual allotments may vary due to rounding.
3 Comments
In view of the disquiet descending over global money markets in respect of negative swap spreads, it is important to note that the outright interpolated swap quote over yesterday's tender yield dropped to 4.62bps from 43.11bps at the previous tender.
3 Bizarre Things The Market Is Doing Right Now
http://blog.wallstreetsurvivor.com/2015/11/18/3-bizarre-things-the-mark…
These three instances of erratic market behavior all seem to indicate one thing: liquidity is drying up and people are starting to watch their money carefully. While there are some explanations for why these things are happening, no one’s 100% certain, they just know that something’s up.
It appears that the biggest players in financial markets are behaving like there’s not a whole lot of money out there. In fact, their actions seem to indicate that they believe they’re approaching the end of an economic cycle. We’ve had a very long bull market and clearly the anxieties of the Great Recession are still out there and manifesting themselves in odd ways throughout the market.
Caterpillar (CAT) posted a disastrous 16% decline in worldwide retail sales this morning, meaning that its sales have now fallen for 35 straight months. not only did US retail sales finally rollover and drop by 8% compared to prior year, but the rest of the world was a veritable bath of yellow blood:
http://davidstockmanscontracorner.com/it-is-different-this-time-now-com…
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