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AOFM sells $2b of Treasury notes

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SYDNEY, Jan 24 AAP

January 24 2013, 11:05AM

The Australian government has sold $2 billion of Treasury notes in two tranches.

The Australian Office of Financial Management (AOFM), which conducts bond auctions on behalf of the government said the first tranche was sold for a weighted average yield of 2.895 per cent, attracted bids totalling $6.58 billion, with a coverage ratio of 6.58.

The second tranche was sold for a weighted average yield of 2.876 per cent, attracted bids totalling $4.519 billion, with a coverage ratio of 4.51.