RBA once again fails to get 3-year yield close to target
By Sophia Rodrigues
Published On 31 Aug 2020 , 04:17 PMThe RBA again made purchases totalling A$2 billion of the April 2023 and the April 2024 government bond but didn't manage to get the three-year yield close to its 0.25% target.
At the bond-buying auction today, the RBA bought A$939 million of April 2023 bond at cut-off yield of 0.2550%, marginally down from 0.2575% at the last auction, and weighted average yield of 0.2583%.
The RBA also bought A$1.061 billion of the April 2024 bond at cut-off yield of 0.2925% (same as last auction) and weighted average yield of 0.2960%.