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
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