Australia Note yield drop to new low ahead of RBA cuts

By Sophia Rodrigues

Published On 22 Oct 2020 , 10:40 AM

As 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

RBA may not turn dovish yet but acknowledge balance of risks have changed

One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...

Published on : 05 Feb 2019 , 07:02 AM
APRA will Change Loan Serviceability Floor

Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...

Published on : 31 Jan 2019 , 06:33 AM
RBA Would Change Next Move Up Guidance

Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...

Published on : 10 Jan 2019 , 06:29 AM
Happy New Year

 

Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...

Published on : 02 Jan 2019 , 06:28 AM
Australia's export -- the term GFC

How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM