Back in July we noted one bidder at one of the AOFM bond tenders did not want to share with anyone. The bidder bought the entire $800 million worth of April 2029 ACGBs on offer and this caused some tongue wagging about a buyer who wanted to take advantage of the mildly dovish tone of the RBA from a day before.
Well, it has happened again. This time the bidder only had to stump up $500 million.
Does it mean anything? Probably not. Not only has this happened two months ago but it has occurred more than a few times over the years. However, it stands out and makes one wonder what was behind it.