Australian banksAustralian interest rates

AOFM can’t give away RMBS

David Llewellyn-Smith
Monday, 26 October 2015
Advertisement

Ah yes, the AOFM auction process, from Banking Day:

The Australian Office of Financial Management held its fifth and least successful auction of some its mortgage-backed bond holdings.

The manager of the Government’s finances sold absolutely none of the stock offered.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.