The Australian government has sold $150 million of September 20, 2030, Treasury indexed bonds.

The Australian Office of Financial Management said the bonds were sold for a weighted average yield of 1.4683 per cent.

The sale attracted bids totalling $642 million, giving a coverage ratio of 4.280.

The face value of the bonds is linked to the consumer price index, so the total return is the inflation rate plus the yield.