The Australian Office of Financial Management (AOFM) (AAA/Aaa/AAA) announced that it will increase the volume of Treasury bond tenders in response to the federal government stimulus package announced on 12 March. The AOFM plans to issue A$1.2-1.6 billion (US$773.7 million – US$1 billion) in “most coming weeks” before updating its ongoing funding plan following the delivery of the 2020/21 federal budget in May.