RBA buys more of May 2028 govt bonds
By Sophia Rodrigues
Published On 06 Apr 2020 , 04:08 PMThe RBA bought the entire A$2 billion it offered to purchase today, focusing mainly on May 2028 bond. The cut-off yield was slightly higher in line with the rise in yields in the market today.
Following is the result of the auction:
| Issuer | Coupon % |
Maturity mm/yy |
Amount purchased (face value) $m |
Weighted average yield % |
Cut-off yield % |
|---|---|---|---|---|---|
| CGS | 4.75 | 04/27 | 243 | 0.5645 | 0.5625 |
| CGS | 2.75 | 11/27 | 395 | 0.6105 | 0.6100 |
| CGS | 2.25 | 05/28 | 1037 | 0.6613 | 0.6550 |
| CGS | 2.75 | 11/28 | 325 | 0.6941 | 0.6925 |