RBA to buy A$2B of 2023, 2024 govt bonds

By Sophia Rodrigues

Published On 27 Aug 2020 , 12:29 PM

After a gap of two weeks, the RBA is back in the market to buy the 2023 and the 2024 government bonds. The RBA announced today it will buy A$2 billion of bonds.

The RBA's move following recent rise in yields which saw the April 2023 yield rise to 0.27% and the April 2024 yield up to 0.31%.

The RBA's target for three-year bond yield is 0.25%

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