RBA announces identical bond-buying for second day
By Sophia Rodrigues
Published On 03 Apr 2020 , 11:51 AMFor the first time since it began bond-buying in the secondary market on March 20, the RBA has announced same purchases for the second consecutive day.
The RBA is buying A$2.0 billion of bonds in the April 2024 to November 2027 maturity. On Thursday, the auction resulted in a rise in yield versus the day before, and the buying was concentrated in the 2024-25 bonds. The purchase today may be aimed at driving yields lower and flattening the 3-5yr curve which it failed to achieve yesterday.
The bonds falling within this maturity are:
-2.75% April 2024
-3.25% April 2025
-4.25% April 2026
-4.75% April 2027
-2.75% November 2027
LATEST SNIPPETS
No RBA Rate Cut Call from Any Big Four Bank Yet?
I must say I am surprised none of big four banks have made RBA rate cut call......yet
Published on : 12 Feb 2019 , 07:05 AMRBA 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 AMAPRA 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 AMRBA 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 AMHappy 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 AMAustralia'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