RBA shows more determination to keep 3-year AGS at 0.25% target

By Sophia Rodrigues

The RBA appears very determined to ensure 3-year Australian government bonds stays near its 0.25% target, doubling the notifed amount for bond-buying to A$2.0 billion from A$1.0 billion on Monday. The aim would be to prevent yields here to rise in line with increase in UST yield.

The RBA will buy the same April 2023 and April 2024 government bonds again today.