RBA buys A$1.0B govt bonds but 2023 yld still slightly above 0.25%

By Sophia Rodrigues

Published On 10 Aug 2020 , 03:56 PM

The RBA bought A$1.0 billion of Australian government bonds at the third bond-buying auction since last Wednesday but the weighted average yield on the April 2023 bond was still marginally higher than the 0.25% target.

The RBA bought A$663 million of April 2023 bond at cut-off yield of 0.2575% and weighted average yield of 0.26%.

It also bought A$337 million of April 2024 bond at cut-off yield of 0.2875% and weighted average yield of 0.2898%.

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