Weighted average yield at RBA's 2023 bond-buying 0.2575%
By Sophia Rodrigues
Published On 06 Aug 2020 , 09:02 AMThe 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.
LATEST SNIPPETS
AOFM sells Dec 2030 at 1.08% vs May 13 syndication yield 1.025%
The AOFM has sold A$2.0 billion of 1.0% December 2030 government bond at a weighted average issue yield of...
Published on : 10 Jun 2020 , 11:04 AMWill RBA announce bond-buying today?
All eyes on the RBA at 11:15am this morning for any announcement on bond-buying given three-year government bond yiel...
Published on : 10 Jun 2020 , 10:45 AMAOFM sells Nov 2024 bond, Yld up vs last tender
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.38...
Published on : 09 Jun 2020 , 11:05 AMAOFM cuts bond tenders next week; T-Note intact
The AOFM has announced tenders for next week, totaling A$4.0 billion of bonds and A$3.0 billion o...
Published on : 05 Jun 2020 , 12:18 PMAOFM sells 2032 bond at 1.17% vs March record 0.8185%
The AOFM has sold A$1.0 billion of 1.25% May 2032 government bond at a weighted average issue yield of 1.17%, hi...
Published on : 05 Jun 2020 , 11:06 AMAOFM sells April 2023 bond at 0.2496%
The AOFM has sold A$2.0 billion of 5.5% April 2023 government bond at a weighted average issue yield of 0.2496%,...
Published on : 03 Jun 2020 , 11:04 AMAustralia Q1 GDP seen -0.3%q/q but don't rush to declare recession
Based on forecasts from the big four banks, the median for Q1 GDP is -0.3% q/q (ANZ -0.2%, CBA -0.3%, NAB -0.1%, West...
Published on : 02 Jun 2020 , 10:39 PMAOFM sells A$2.0B of Nov 2029 at 0.8691%
The AOFM has sold A$2.0 billion of 2.75% November 2029 government bond at a weighted average issue yield of...
Published on : 02 Jun 2020 , 11:05 AMAOFM sells 2025 bond at record low yield, record high coverage
The AOFM has sold A$1.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...
Published on : 29 May 2020 , 11:05 AMAOFM sells May 2030 bond at 0.8919%, up from 0.8118% on April 6
The AOFM has sold A$2.0 billion of 2.5% May 2030 government bond at a weighted average issue yield of 0.891...
Published on : 26 May 2020 , 11:05 AM