RBA focuses on Nov 2022 bond at auction but yield still higher than 2023

By Sophia Rodrigues

Published On 06 Aug 2020 , 04:51 PM

At the bond-buying auction today, the RBA focused much of its purchases on the November 2022 government bond, spending half of its notified amount in purchases of that bond line. However, the weighted average cut-off yield on this bond was still higher than the April 2023 bond.

Below are the results of the auction:

Issuer Coupon
%
Maturity
mm/yy
Amount purchased
(face value)
$m
Weighted average yield
%
Cut-off yield
%
CGS 2.25 11/22 250 0.2605 0.2600
CGS 5.5 04/23 150 0.2575 0.2575
CGS 2.75 04/24 100 0.2900 0.2900

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