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 buys 2024 bond at 0.1142% weighted avg yield; 2030 bond at 0.9133%
The RBA bought A$2.0B of April 2024 government bond at a cut-off yield of 0.1075% and weighted average yield of 0.114...
Published on : 12 Nov 2020 , 06:26 PMRBA buying A$2B of April 2024 plus A$2B QE
The RBA is buying A$2 billion of April 2024 government bonds under the yield target policy, in addition to its purcha...
Published on : 12 Nov 2020 , 11:24 AMRBA may buy 3-year government bonds again
Three-year yield on Australian government bonds are currently above the 0.10% target, raising speculation on whether...
Published on : 12 Nov 2020 , 10:51 AMHeadlines from the RBNZ’s November MPS on FLP:
Headlines from the RBNZ’s November MPS on FLP:
-Plan to implement Funding for Lending Programme in ea...
Published on : 11 Nov 2020 , 12:09 PMRBA buying semis in March 2025 to May 2028 maturity
The RBA is buying A$1.0 billion semis today under the A$100 billion bond-buying program.
The purchase...
Published on : 11 Nov 2020 , 11:32 AMResults of RBA's Bond-buying Auction Monday
Results of the RBA's bond-buying auction Monday, consisting of A$1.5 billion under 3-year yield target and A$2.0...
Published on : 09 Nov 2020 , 03:54 PMRBA buying total A$3.5B under 3-yr target, QE
The RBA is buying A$3.5 billion of government bonds today, with A$1.5 billion as part of its 3-year yield target, and...
Published on : 09 Nov 2020 , 11:33 AMHeadline from RBA Nov Statement on MonPol
RBA Not Contemplating Further Reduction In Interest Rates
RBA: Focus Will Be QE Program, Prepared To Buy More...
RBA buying A$2B of Nov 2028-May 2032 at 1st QE
The RBA is buying A$2 billion of November 2028 to May 2032 government bonds (excluding December 2030 bonds) as p...
Published on : 05 Nov 2020 , 11:21 AMRBA re-opening media lockups?
It appears the RBA's media lock-ups will restart from Friday when the Statement on Monetary Policy will be publis...
Published on : 04 Nov 2020 , 04:16 PM