RBA buys entire A$3B bonds; focuses on 2027

By Sophia Rodrigues

Published On 30 Mar 2020 , 12:00 AM

Results of the RBA's government bond-buying auction Monday: 

The RBA bought the entire A$3 billion notified amount, buying five of the six bonds it could potentially purchase. .

-A$202 mln of 4.25% April 2026 at cut-off yield of 0.5050% 
-A$1.627 bln of 4.75% April 2027 at cut-off yield of 0.5475%
-A$1.006 bln of 2.75% November 2027 at cut-off yield of 0.6025%
-A$90 mln of 2.25% May 2028 at cut-off yield of 0.6650%
-A$85 mln of 2.75% November 2028 at cut-off yield of  0.7000%
 

LATEST SNIPPETS

Australia consumer confidence falls to over 4-yr low

Australian consumer confidence fell 2.8% in the week to November 25, to the lowest level in over four years, data fro...

Published on : 26 Nov 2019 , 10:04 AM
Westpac economists expect Australia house prices to rise 5% in 2020

Economists at Westpac expect Australia's house price upswing to continue in 2020, rising 5%, but with getting cap...

Published on : 25 Nov 2019 , 11:55 AM
Moody's warns profits of big four Australian banks under pressure

Profitability of the big four Australian banks is under pressures from low interest rates amid weak credit growt...

Published on : 25 Nov 2019 , 03:35 PM
Australia Oct Labor Data Dovish for RBA Dec Meeting

Australia's unemployment rate rose to 5.3% in October from 5.2%, due to 19,000 fall in employed numbers. This was...

Published on : 14 Nov 2019 , 12:00 AM
Why RBNZ will Hold OCR at 1%

I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...

Published on : 13 Nov 2019 , 12:00 AM
Market Pricing for RBNZ Cut --How Much is "Will do"?

In their markets outlook on Nov 11, economists at BNZ wrote, "RBNZ shouldn’t cut this week but probably wi...

Published on : 13 Nov 2019 , 12:00 AM
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