RBA succeeds in driving 3-year yield down at bond-buying auction today

By Sophia Rodrigues

Published On 26 Feb 2021 , 02:52 PM

The RBA's aggressive buying of bonds for second consecutive day under the 0.1% three-year yield target policy seems to be have paid off. The RBA bought A$2.092 billion of the April 2024 bond at cut-off yield of 0.105% and weighted average yield of 0.115%.

The April bought A$908 million of the April 2023 bond at cut-off yield of 0.105% and weighted average yield of 0.1075%.

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