RBA buying concentrated in Nov 2022 govt bond
By Sophia Rodrigues
Published On 14 Apr 2020 , 04:14 PMThe RBA bought the entire A$1.5 billion it notified this morning, with 65% of the purchases concentrated in the November 2022 bond.
Four out of the five bonds were bought at weighted average yield below 0.25%. This is the first time the weighted average yield at bond-buying auction has fallen below the RBA's three-year yield target of 0.25% and also the 0.25% cash rate target.
Below is the results of the auction:
| Issuer | Coupon % |
Maturity mm/yy |
Amount purchased (face value) $m |
Weighted average yield % |
Cut-off yield % |
|---|---|---|---|---|---|
| CGS | 5.75 | 05/21 | 128 | 0.2212 | 0.2200 |
| CGS | 2.00 | 12/21 | 105 | 0.2236 | 0.2200 |
| CGS | 5.75 | 07/22 | 55 | 0.2393 | 0.2350 |
| CGS | 2.25 | 11/22 | 980 | 0.2450 | 0.2450 |
| CGS | 5.5 | 04/23 | 232 | 0.2625 | 0.2625 |
LATEST SNIPPETS
Australia July monthly CPI up 3.5% y/y
Australia's monthly Consumer Price Index Indicator rose 3.5% y/y in July compared with a 3.8% rise in June, data...
Published on : 28 Aug 2024 , 11:40 AMRBA leaves cash rate unchanged at 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35% at the August board meeting and reiterated the me...
Published on : 06 Aug 2024 , 02:41 PMNew Zealand Q2 inflation surprises to downside
Headline consumer price index inflation rose 0.4% q/q in Q2, resulting in a slowing in the y/y pace to 3.3% versus 4....
Published on : 17 Jul 2024 , 08:51 AMRBNZ Leaves OCR Unchanged at 5.5%
At the July Monetary Policy Review, the RBNZ kept the Official Cash Rate unchanged at 5.5%, saying monetary policy wi...
Published on : 10 Jul 2024 , 12:31 PMAnalysis: RBA Lowe’s Forward Guidance Viewed Through CB-Intel Stories
CB-Intel's last published article reviews RBA's forward guidance through the lens of CB-Intel stories.
... Published on : 08 Jan 2023 , 11:32 PMAustralia AOFM’s CEO Rob Nicholl To Join IMF
The chief executive of the Australian Office of Financial Management Rob Nicholl is leaving to join the International...
Published on : 22 Jul 2022 , 04:34 PMRBA Lowe's speech on Wed not under embargo
RBA Governor Philip Lowe will deliver a speech on July 20, but the speech will not be released under embargo, the RBA...
Published on : 19 Jul 2022 , 04:03 PMRBNZ Hike 50bps to 2.5%
The Reserve Bank of New Zealand raised the official cash rate by 50bps for the third meeting in a row, taking the rat...
Published on : 13 Jul 2022 , 12:57 PMRBA raises cash rate 50bps to 1.35%
The Reserve Bank of Australia has increased the cash rate target by 50bps to 1.35%, marking two consecutive 50-basis-...
Published on : 05 Jul 2022 , 03:03 PMWestpac also ups RBA cash rate forecast to 2.1% by Dec (from 1.75%)
Westpac chief economist Bill Evans has raised his forecast for RBA cash rate, now expecting the policy rate to end 20...
Published on : 07 Jun 2022 , 05:21 PM