RBA buys more of May 2028 govt bonds

By Sophia Rodrigues

Published On 06 Apr 2020 , 04:08 PM

The RBA bought the entire A$2 billion it offered to purchase today, focusing mainly on May 2028 bond. The cut-off yield was slightly higher in line with the rise in yields in the market today.

Following is the result of the auction:

Issuer Coupon
%
Maturity
mm/yy
Amount purchased
(face value)
$m
Weighted average yield
%
Cut-off yield
%
CGS 4.75 04/27 243 0.5645 0.5625
CGS 2.75 11/27 395 0.6105 0.6100
CGS 2.25 05/28 1037 0.6613 0.6550
CGS 2.75 11/28 325 0.6941 0.6925

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