The second auction of residential mortgage-backed securities (RMBS) conducted by the Australian Office of Financial Management (AOFM) followed the precedent set by the first, as the majority of securities offered were not sold. The July 14 auction saw less than A$100.0 million (US$74.3 million) of amortised face value (AFV) sold – less than the A$161.5 million cleared on June 24.
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