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%.
LATEST SNIPPETS
Australia jobless rate drops to 6.4%; hours worked falls sharply due to leave
Australia's unemployment rate fell to 6.4% in January from 6.6% as the number of employed rose 29,100 while the n...
Published on : 18 Feb 2021 , 12:08 PMANZ analysts see NZ in leading position to normalize monpol
Forex analysts at ANZ have created an interesting pressure gauge to measure and rank the distance that each G10 econo...
Published on : 17 Feb 2021 , 11:35 AMKey headlines from RBA statement Tuesday
From the RBA's February Monetary Policy Decision statement:
--QE extension of A$100 billion after current...
AOFM updates issuance guidance for rest of the year
Following the release of MYEFO on Thursday, the Australian Office of Financial Management has updated issuance plans...
Published on : 18 Dec 2020 , 09:06 AMFinally the MYEFO date...
After a few phone calls, I finally managed to get confirmation that MYEFO will be published on Thursday. Even the Tre...
Published on : 14 Dec 2020 , 10:45 AMHeadlines from RBA Debelle's speech Tuesday
Headline from RBA Deputy Governor Guy Debelle’s speech Tuesday:
--RBA CAREFULLY MONITORING IMPACT OF...
Published on : 24 Nov 2020 , 01:30 PMRBA not buying bonds under yield target; A$2B under QE
The RBA will buy A$2.0 billion of November 2024 to May 2028 AGS under the A$100 billion QE program today.
T...
Published on : 19 Nov 2020 , 11:23 AMRBA buying longer-term Semis today
The RBA is buying A$1.0 billion of Semis with maturities in the July 2028 to May 2032 range. This is part of its purc...
Published on : 18 Nov 2020 , 11:30 AMRBA again buying April 2024 under yield target plus A$2B QE
For the third time in a row, the RBA is buying bonds under the 3-year yield target policy at the same time as it is p...
Published on : 16 Nov 2020 , 11:20 AMCBA economists see Australia jobless rate at 5.75% by end-2021
A very bold set of forecasts from CBA economists who have just upgraded their forecasts for Australian economist.
... Published on : 13 Nov 2020 , 10:20 AM