In a further sign of the improvement in securitisation market conditions, the Australian Office of Financial Management (AOFM) announced on April 10 that it will not make any further investments in residential mortgage-backed securities (RMBS). The government debt agency invested A$15.5 billion (US$16.3 billion) of its A$20 billion RMBS mandate, although it has not been required to support a transaction since August 2012.