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
AOFM may raise T-Notes tender next week
After reducing weekly T-Notes tenders to just A$1.0 billion (lowest since March last year) last two times, the AOFM m...
Published on : 26 Feb 2021 , 10:56 AMCould RBA surprise with bond-buying today?
All eyes on the RBA today for any announcement on bond purchases under the three-year yield target policy. Since Nove...
Published on : 26 Feb 2021 , 10:35 AMAustralia wage price index beat expectations as some wage reductions unwind
Australia's wage price index beat expectations with a 0.6% q/q and 1.4% y/y rise in December 2020 quarter, data p...
Published on : 24 Feb 2021 , 11:37 AMAOFM sells May 2032 bond at 1.69% weighted average yield
The AOFM sold A$2 billion of the 1.25% May 2032 government bond at weighted average issue yield of 1.6900%.&nbs...
Published on : 24 Feb 2021 , 11:20 AMAOFM's A$2B May 2032 tender result will be interesting
Looking ahead to the results of the AOFM's tender of A$2 billion of 1.25% May 20232 government bonds in about 15...
Published on : 24 Feb 2021 , 10:46 AMRBA buying A$1B of April 2024 under yield target policy
The RBA meets market expectation by announcing purchase of bonds under the three-year yield target policy, apart from...
Published on : 22 Feb 2021 , 11:34 AMRBA bond-buying announcement keenly awaited
Market looking forward to RBA's bond-buying announcement today for purchases under three-year yield target policy...
Published on : 22 Feb 2021 , 10:58 AMWestpac Evans sees Aussie 10-year yield at 1.9% end-2021
Westpac's chief economist Bill Evans has raised his forecast for US 10-year bond yield to 1.8% from 1.5% by the e...
Published on : 19 Feb 2021 , 04:28 PMAustralia jobless rate drops to 6.4%; hours worked falls sharply due to leave
Australia's unemployment rate fell to 6.4% in January from 6.6% as the number of employed rose 29,100 while the n...
Published on : 18 Feb 2021 , 12:08 PMANZ analysts see NZ in leading position to normalize monpol
Forex analysts at ANZ have created an interesting pressure gauge to measure and rank the distance that each G10 econo...
Published on : 17 Feb 2021 , 11:35 AM