AUSSIE BONDS: Apr-29 Supply Absorbed With More Demand

The AOFM sells A$1000mn of the 4.25% 21 October 2036 Treasury Bond, #TB173:

• Average Yield (%): 4.7727
• High Yield (%): 4.7750
• Bid/Cover: 3.7100x
• Allotted at Highest Accepted Yld as % of Bid at that Yld (%): 48.2
• Bidders: 40, successful 16, allocated in full 9 

US President Trump has posted via Truth Social that he has ordered a total and complete blockade of all sanctioned oil going into and out of Venezuela. The full Truth Social post is re-printed below. Trump also states that the Venezuelan regime has been designated as a Foreign Terrorist Organisation. WTI benchmark oil prices have edged a little higher as these headlines crossed. We were last $55.60/bbl, up around 0.65% versus end Tuesday levels in NY. 

• "Venezuela is completely surrounded by the largest Armada ever assembled in the History of South America. It will only get bigger, and the shock to them will be like nothing they have ever seen before — Until such time as they return to the United States of America all of the Oil, Land, and other Assets that they previously stole from us. The illegitimate Maduro Regime is using Oil from these stolen Oil Fields to finance themselves, Drug Terrorism, Human Trafficking, Murder, and Kidnapping. For the theft of our Assets, and many other reasons, including Terrorism, Drug Smuggling, and Human Trafficking, the Venezuelan Regime has been designated a FOREIGN TERRORIST ORGANIZATION. Therefore, today, I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela. The Illegal Aliens and Criminals that the Maduro Regime has sent into the United States during the weak and inept Biden Administration, are being returned to Venezuela at a rapid pace. America will not allow Criminals, Terrorists, or other Countries, to rob, threaten, or harm our Nation and, likewise, will not allow a Hostile Regime to take our Oil, Land, or any other Assets, all of which must be returned to the United States, IMMEDIATELY. Thank you for your attention to this matter! DONALD J. TRUMP" 

• MNI: UK SEP-NOV BRIGHTMINE MEDIAN PAY AWARDS +3.0% (VS +3.3% AUG-OCT)