RBA may buy 3-year government bonds again
By Sophia Rodrigues
Published On 12 Nov 2020 , 10:51 AMThree-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).
LATEST SNIPPETS
RBA Will Cut Tue But Lowe's Speech Not a Clue
Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...
Published on : 01 Oct 2019 , 11:26 AMRBA QE Would be About Lowering Exchange Rate
I've spent a bit of time researching whether the RBA will do QE, at what point they will do it, and in what...
Published on : 09 Aug 2019 , 11:19 AMRBA Won't Give Up on Inflation Target
Few interesting stories 2day about RBA's inflation target. I am finding it hard to believe RBA will give up...
Published on : 25 Jul 2019 , 11:15 AMRBA may Debate 50bps Cut at July meeting
Two weeks ago it seemed RBA would not cut the cash rate in July, let alone lowering it by 50bps. But I did sugge...
Published on : 21 Jun 2019 , 11:13 AMRBA Will Cut Cash Rate Today, Watch Comments on Labor Mkt Capacity
The RBA will cut the cash rate to a new record low at its meeting today and will maintain an easing bias. The market...
Published on : 04 Jun 2019 , 07:33 AMRBA Should Cut Soon, Not Wait
Any RBA rate cut now would be from a position of strength. The last thing the RBA should do is wait for this strength...
Published on : 07 Mar 2019 , 07:10 AMRBA's Own Video makes Arguments for Rate Cut
If you've not seen this video from RBA, you should see it if monpol is your area of interest. While the vide...
Published on : 06 Mar 2019 , 07:07 AMNo 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 AM