RBA buys more of May 2028 govt bonds

By Sophia Rodrigues

Published On 06 Apr 2020 , 04:08 PM

The 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

LATEST SNIPPETS

RBA Would Change Next Move Up Guidance

Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...

Published on : 10 Jan 2019 , 06:29 AM
Happy New Year

 

Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...

Published on : 02 Jan 2019 , 06:28 AM
Australia's export -- the term GFC

How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM