RBA may buy 3-year government bonds again
By Sophia Rodrigues
Published On 12 Nov 2020 , 10:51 AMThree-year yield on Australian government bonds are currently above the 0.10% target, raising speculation on whether the RBA would again buy these bonds in addition to purchases under QE today.
On Monday, the RBA bought A$1.5 billion of 3-year bonds, and it is likely it would do the same today. This would be in addition to A$2 billion of purchase of November 2028 to May 2032 bonds (except November 2031).