Weighted average yield at RBA's 2023 bond-buying 0.2575%
By Sophia RodriguesPublished On 06 Aug 2020 , 09:02 AM
The RBA bought A$500 million of 5.5% April 2023 Australian government bonds on Wednesday at a cut-off of 0.2525% and weighted average yield of 0.2575%.
It's interesting that despite flagging it would resume bond-buying one day earlier, and lot of market action following the announcement, a cut-off at the 0.25% target was not achieved, and the weighted average was 0.75bp above the target.
While it is possible the RBA would view the outcome as "around" their 0.25% 3-year target, the possibility of more bond-buying cannot be discounted.
There is greater interest in the Mid-Year Economic and Fiscal Outlook this year given the slow pace of government bor...Published on : 10 Dec 2021 , 12:00 AM
The RBA's bond purchase program included the April 2024 government bond for the first time since it abandoned the...Published on : 08 Nov 2021 , 06:39 PM
(This snipped was first published on Friday, October 29 at 9:37 AM as email to premium subscribers)
The Res...Published on : 29 Oct 2021 , 04:37 PM
(This snipped was first published on October 28 at 1039 AM)
Australia’s bond market is once again tes...Published on : 29 Oct 2021 , 04:36 PM
National Australia Bank economists expect the RBA to end its bond purchase program (QE) by February, making it the fi...Published on : 29 Oct 2021 , 02:39 PM
Australia's Q3 CPI shows core inflation rising into RBA's target band for the first time since 2015 (and impo...Published on : 27 Oct 2021 , 11:39 AM
Big four banks on the RBA's 0.1% target on April 2024 bond:
--ANZ expects the RBA to drop the target wh...Published on : 27 Oct 2021 , 10:55 AM
Economists at ANZ Bank expect the RBA to drop the 10bps target on April 2024 bond if it brings forward timing for the...Published on : 27 Oct 2021 , 09:18 AM
The amount of Australian dollar currency notes on issue crossed the A$100 billion mark this week, rising to A$100.153...Published on : 22 Oct 2021 , 05:25 PM
Following RBA announcement after market hours Tuesday about indicative fee for borrowing (RBA as lender) April 2023 a...Published on : 20 Oct 2021 , 10:12 AM