Australia Note yield drop to new low ahead of RBA cuts
By Sophia Rodrigues
Published On 22 Oct 2020 , 10:40 AMAs expected, the yield on near-term T-Note fell to a new record low at today's AOFM's auction. The weighted average yield on February 26 Note was 0.0733% compared with previous record low of 0.0982% on October 8 (for the January 29 Note).
The record low bid was 0.0600% versus previous record of 0.0850%.
For the 21 May T-Note, the weighted average yield came at 0.0872% versus previous record low of 0.1098%. The record low bid yield was 0.0800%.
All ahead of RBA rate cut expectations for the November 3 board meeting, including expectation of a cut in the ES rate.
LATEST SNIPPETS
Key points from Australia's private sector credit for October
Key points from Australia's private sector credit growth for October, published by the RBA Friday.
--...
RBA may buy RMBS if dysfunction in mortgage market
Regarding purchase of Residential Mortgage-Backed Securitie (RMBS), RBA Governor Philip Lowe said last night that it...
Published on : 27 Nov 2019 , 09:58 AMRBNZ dismissing possibility of negative OCR?
The RBNZ appears to be dismissing the possibility of a negative official cash rate. In the Financial Stability Report...
Published on : 27 Nov 2019 , 07:17 AMIs that another first by the RBA?
The RBA is a rare central bank that doesn't follow anyone on twitter. And it never replies to anyone on twitter....
Published on : 26 Nov 2019 , 12:10 PMLive broadcast of RBA Lowe's speech is first of many
RBA will be broadcasting live "audio" of Governor Philip Lowe's speech later Tuesday. This is the first...
Published on : 26 Nov 2019 , 01:10 AMAustralia consumer confidence falls to over 4-yr low
Australian consumer confidence fell 2.8% in the week to November 25, to the lowest level in over four years, data fro...
Published on : 26 Nov 2019 , 10:04 AMWestpac economists expect Australia house prices to rise 5% in 2020
Economists at Westpac expect Australia's house price upswing to continue in 2020, rising 5%, but with getting cap...
Published on : 25 Nov 2019 , 11:55 AMMoody's warns profits of big four Australian banks under pressure
Profitability of the big four Australian banks is under pressures from low interest rates amid weak credit growt...
Published on : 25 Nov 2019 , 03:35 PMAustralia Oct Labor Data Dovish for RBA Dec Meeting
Australia's unemployment rate rose to 5.3% in October from 5.2%, due to 19,000 fall in employed numbers. This was...
Published on : 14 Nov 2019 , 12:00 AMWhy RBNZ will Hold OCR at 1%
I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...
Published on : 13 Nov 2019 , 12:00 AM