RBA buying A$2B of Nov 2028-May 2032 at 1st QE

By Sophia Rodrigues

Published On 05 Nov 2020 , 11:21 AM

The RBA is buying A$2 billion of November 2028 to May 2032 government bonds (excluding December 2030 bonds) as part of its bond-buying under the Quantitative Easing program.

The bonds within that maturity include November 2028, April 2029, November 2029, May 2030, June 2031, November 2031 and May 2032.

The RBA announced on Tuesday it will buy A$100 billion of 5-10-year bonds over the next six months.The RBA plans to purchase around A$5 billion of bonds via multi-price auction every week . The initial auctions would be comprise of around A$2 billion of AGS every Monday and Thursday, and around A$1 billion of Semis on Wednesdays.

The RBA said it will closely monitor the impact of purchases on market functioning and will adjust the auctions if necessary, including their size, composition and timing.

 

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