RBA may buy 3-year government bonds again

By Sophia Rodrigues

Published On 12 Nov 2020 , 10:51 AM

Three-year yield on Australian government bonds are currently above the 0.10% target, raising speculation on whether the RBA would again buy these bonds in addition to purchases under QE today.

On Monday, the RBA bought A$1.5 billion of 3-year bonds, and it is likely it would do the same today. This would be in addition to A$2 billion of purchase of November 2028 to May 2032 bonds (except November 2031).

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