RBA buys entire A$3B; Nov 2028 cut-off Yld drops 8.75bps vs Mon

By Sophia Rodrigues

Published On 01 Apr 2020 , 05:14 PM

The RBA bought entire A$3 billion of government bonds it offered to purchases earlier today. The cut-off yield on the bonds was upto 8.75bps lower than the same bonds purchased on Monday. 

For example, The cut-off yield on the November 2028 bond was 0.6125%, down from 0.7000% on Monday, 0.8225% on March 24 and 0.7925% on March 23.

Issuer Coupon
%
Maturity
mm/yy
Amount purchased
(face value)
$m
Weighted average yield
%
Cut-off yield
%
CGS 4.25 04/26 297 0.4475 0.4450
CGS 4.75 04/27 227 0.5053 0.5000
CGS 2.75 11/27 1652 0.5319 0.5225
CGS 2.25 05/28 316 0.5942 0.5800
CGS 2.75 11/28 398 0.6149 0.6125
CGS 3.25 04/29 30 0.6292 0.6250
CGS 2.75 11/29 80 0.6538 0.6475

 

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