Institutional investors (II) submit the following bids in an Australian Treasury bonds discriminatory auction. The announcement mentions a $200,000,000 face value issue.

II1 bids yield 1.070 % and volume $70,000,000 face value

II2 bids yield 1.075 % and volume $59,500,000 face value

II3 bids yield 1.080 % and volume $100,000,000 face value

II4 bids yield 1.075 % and volume $30,500,000 face value