ANZ economists expect RBA to drop April 2024 target if guidance shifts
By Sophia Rodrigues
Published On 27 Oct 2021 , 09:18 AMEconomists at ANZ Bank expect the RBA to drop the 10bps target on April 2024 bond if it brings forward timing for the first hike. Until that happens, the target on the bond will remain in place, ANZ's head of Australian economics David Plank wrote in a note.
If the RBA continues to see the first move in the cash rate as being in 2024 then the Apr '24 target will remain in place until it effectively 'fades' away, Plank wrote.
If the RBA's expectation about the first hike is brought forward, the target will have to change and the easiest option is to simply drop it, he said.
.
LATEST SNIPPETS
RBA to buy AGS for second straight day
The RBA has announced bond-buying via auction for the second consecutive day, keeping the notified amount unchanged a...
Published on : 06 Aug 2020 , 11:42 AMWeighted average yield at RBA's 2023 bond-buying 0.2575%
The RBA bought A$500 million of 5.5% April 2023 Australian government bonds on Wednesday at a cut-off of 0.2525% and...
Published on : 06 Aug 2020 , 09:02 AMRBA buying only A$500m of one bond line -- April 2023
The RBA is buying A$500 million of April 2023 government bonds as part of its bond-buying program which it resumed We...
Published on : 05 Aug 2020 , 12:45 PMAOFM raises A$15B from sale via syndication of new 2051 bond
The Australian government has raised $15 billion from the sale of the new 1.75% June 2051 bond via syndication,...
Published on : 28 Jul 2020 , 11:58 AMAustralia's 2030 bond syndication record likely unbeaten
It appears Australia's A$19 billion debt syndication for the 2030 bond in May will remain a record, with whi...
Published on : 14 Jul 2020 , 10:46 AMCould we have another record Australia debt syndication?
There is a possibility of a new record for Australia's debt issuance after the 21 November 2025 bond attract...
Published on : 14 Jul 2020 , 10:22 AMAOFM gets order of over A$48.8B for 2025 syndication
The Australian governmen's 21 November 2025 bond has attracted order book of over A$48.8 billion, around 30...
Published on : 14 Jul 2020 , 09:07 AMAOFM issue guidance for new issuance in 2020-21
AOFM issues guidance for new issuance in 2020-21 that will apply until the 2020-21 federal budget is handed down...
Published on : 03 Jul 2020 , 12:18 PMAOFM issues A$2.0B of Nov 2024 bond at 0.3654%
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.36...
Published on : 03 Jul 2020 , 11:23 AMAOFM sells Nov 2028 bond at 0.7959%
The AOFM sold A$2.0 billion of 2.75% November 2028 government bond at a weighted average yield of 0.7959%. ...
Published on : 01 Jul 2020 , 11:09 AM