RBA to buy AGS for second straight day

By Sophia Rodrigues

Published On 06 Aug 2020 , 11:42 AM

The RBA has announced bond-buying via auction for the second consecutive day, keeping the notified amount unchanged at A$500 million but buying three government bond lines rather than just the April 2023 bond on Wednesday.

The RBA will buy the November 2022, April 2023 and the April 2024 government bond today. The decision is likely spurred by the results of yesterday's auction which saw the cut-off yield on the April 2023 at 0.2525% and the weighted average at 0.2575%. 

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