RBA buying total A$3.5B under 3-yr target, QE
By Sophia Rodrigues
Published On 09 Nov 2020 , 11:33 AMThe RBA is buying A$3.5 billion of government bonds today, with A$1.5 billion as part of its 3-year yield target, and A$2.0 billion under the Quantitative Easing program.
The RBA is buying A$1.5 billion of April 2024 government bonds and A$2.0 billion of November 2024 to May 2028 government bonds (excluding April 2027 bonds).
The bonds within that maturity include November 2024, April 2025, November 2025, April 2026, September 2026, November 2027 and May 2028.
The RBA announced last week 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.
LATEST SNIPPETS
AOFM sells 2025 bond at record low yield, record high coverage
The AOFM has sold A$1.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...
Published on : 29 May 2020 , 11:05 AMAOFM sells May 2030 bond at 0.8919%, up from 0.8118% on April 6
The AOFM has sold A$2.0 billion of 2.5% May 2030 government bond at a weighted average issue yield of 0.891...
Published on : 26 May 2020 , 11:05 AMRBA Lowe at parliamentary hearing via videoconference on Thu
RBA governor Philip Lowe will appear before a Select Senate Committee on COVID-19 on Thursday. Lowe will answer quest...
Published on : 25 May 2020 , 06:37 PMAOFM sells Nov 2022 bond at record low tender yield 0.2384%
The AOFM has sold A$2.0 billion of 2.25% November 2022 government bond at a weighted average issue yield of...
Published on : 25 May 2020 , 11:05 AMAOFM provides issuance update; no more syndication this year
The AOFM has announced an issuance update today, saying total gross bond issuance for 2019-20 would be A$130 billion,...
Published on : 22 May 2020 , 12:15 PMAOFM sells Nov 2024 bond at 0.3576%
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.35...
Published on : 22 May 2020 , 11:04 AMT-notes tender beyond six months may be back today
The decision to issue T-notes beyond six-month maturity is a tricky one for the AOFM, as it needs to balance the slig...
Published on : 22 May 2020 , 08:59 AMImportant to note sharp April retail sales fall came after March jump
The 17.9% m/m record fall in retail sales (preliminary) for April published by the Australian Bureau of Statistics to...
Published on : 20 May 2020 , 12:31 PMAOFM sells 2032 bond at 1.0672% Yield
The AOFM has sold A$2.0 billion of 1.25% May 2032 government bond at a weighted average yield of 1.0672%.&n...
Published on : 20 May 2020 , 11:05 AMANZ analysts see total A$300B AGS issuance now to June 2021
ANZ analysts expect total issuance of Australian government securities to exceed A$300 billion between now and June 3...
Published on : 20 May 2020 , 10:21 AM