No pause in RBA bond-buying yet

By Sophia Rodrigues

Published On 27 Apr 2020 , 12:29 PM

No pause yet in RBA's bond buying, with announcement today to buy A$500 million of government bonds maturing in the May 2028 to April 2029 bracket. This is the third time the RBA is targeting the 2028-2029 only maturity, though this time it is still narrower because the November 2029 bond is not included.

There are thus three bonds falling within today's buying criteria -- May 2028, November 2028 and April 2029.

The RBA didn't conduct any bond-buying on Friday but it was already announced there would be no purchases on Tuesdays and Fridays.

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