Results of RBA's purchase of semis; yields dn vs last week

By Sophia Rodrigues

Published On 31 Mar 2020 , 04:31 PM

The Reserve bank today purchased the following semi-government bonds for a total of A$3 billion. Many of these bonds were bought last week and in all these cases, the cut-off yield was lower than last week.

 
Issuer Coupon
%
Maturity
mm/yy
Amount purchased
(face value)
$m
Weighted average yield
%
Cut-off yield
%
NSWT 3.00 05/27 367 1.1547 1.1200
NSWT 3.00 03/28 82 1.2666 1.2450
NSWT 3.00 04/29 294 1.3769 1.3500
NSWT 3.00 02/30 153 1.4612 1.4275
NSWT 6.00 05/30 5 1.4050 1.4050
TCV 3.00 10/28 126 1.2836 1.2700
TCV 2.50 10/29 101 1.3925 1.3675
TCV 1.50 11/30 216 1.5275 1.5100
TCV 4.75 11/30 6 1.5300 1.5300
QTC 2.75 08/27 70 1.1793 1.1750
QTC 3.25 07/28 115 1.2730 1.2700
QTC 3.25 08/29 307 1.4032 1.3900
QTC 3.50 08/30 404 1.4972 1.4825
WATC 3.00 10/27 167 1.1751 1.1700
WATC 3.25 07/28 179 1.2763 1.2600
WATC 2.75 07/29 108 1.3897 1.3750
ACT 2.25 05/29 40 1.4319 1.4300
NTTC 2.75 04/27 15 1.3667 1.3600
NTTC 3.50 04/28 30 1.5000 1.5000
SAFA 3.00 09/27 35 1.2000 1.1900
SAFA 3.00 05/28 102 1.3060 1.3000
SAFA 2.75 05/30 58 1.5262 1.5200
TASC 2.00 01/30 20 1.6050 1.6000

LATEST SNIPPETS

What does RBA's Gentle Turning Point Refer to?

RBA Governor Philip Lowe first referred to gentle turning point at the Parliamentary testimony in August when he said...

Published on : 07 Nov 2019 , 12:00 AM
Expect Dovish RBA Statement, Refined Forward Guidance

It is very unusual for both market and economists to be strongly expecting a particular outcome (hold) for a RBA boar...

Published on : 05 Nov 2019 , 12:00 AM
Australia: More Reason to Buy vs Rent Dwelling

More reason to buy vs rent? For the first time since at least 2007, gross rental yields for properties in Australia&#...

Published on : 01 Nov 2019 , 12:00 AM
Will RBA Debate Further Easing at Nov Meeting?

Even before the RBA Nov board meeting begins, I am curious to find out if there will be a vigorous debate about...

Published on : 30 Oct 2019 , 07:21 AM
RBA Should Cut Now to Avoid QE

A few weeks back I wrote an article about how in theory the RBA could avoid QE, but to do so requires continuation of...

Published on : 31 Oct 2019 , 07:15 AM
Australia: Housing Group Numbers Disappoint Most in CPI

The most disappointing numbers in Australia Q3 CPI are the ones for housing group. Rent rose 0.4% y/y (and below 1.0%...

Published on : 30 Oct 2019 , 07:13 AM
Challenges of Communication. AOFM Tender Doesn't Sell Fully

Challenges of communication!

This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...

Published on : 24 Oct 2019 , 07:08 AM
RBA Debelle's speech is Dovish

RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...

Published on : 17 Oct 2019 , 07:07 AM
Social Media Lesson for RBA

A social media lesson for the Reserve Bank of Australia. This morning the RBA posted a tweet about their new $20 note...

Published on : 09 Oct 2019 , 07:00 AM
RBA Will Cut Tue But Lowe's Speech Not a Clue

 

Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...

Published on : 01 Oct 2019 , 11:26 AM