Will RBA announce bond-buying today?
By Sophia Rodrigues
Published On 10 Jun 2020 , 10:45 AMAll eyes on the RBA at 11:15am this morning for any announcement on bond-buying given three-year government bond yield has moved away from the 0.25% target in recent days. The RBA has said any likely bond-buying would be done on Mondays, Wednesdays and Thursdays, so there is an expectation of an announcement today.
However, with the exception of March 31, the RBA has in the past done buying of semis on Wednesdays. So it will be interesting to see if they change their practice and do government bond-buying today, assuming they announce anything at all.
ANZ analysts said on Tuesday they think there is a material chance the RBA might decide to make purchases this week. "Our view is that if the RBA does buy bonds, it will be in the 3y–5y part of the curve and possibly just for ACGBs with semi-to-bond spreads narrowing last week," they wrote in a note.
LATEST SNIPPETS
AOFM sells 2025 bond at record low yield, record high coverage
The AOFM has sold A$1.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...
Published on : 29 May 2020 , 11:05 AMAOFM sells May 2030 bond at 0.8919%, up from 0.8118% on April 6
The AOFM has sold A$2.0 billion of 2.5% May 2030 government bond at a weighted average issue yield of 0.891...
Published on : 26 May 2020 , 11:05 AMRBA Lowe at parliamentary hearing via videoconference on Thu
RBA governor Philip Lowe will appear before a Select Senate Committee on COVID-19 on Thursday. Lowe will answer quest...
Published on : 25 May 2020 , 06:37 PMAOFM sells Nov 2022 bond at record low tender yield 0.2384%
The AOFM has sold A$2.0 billion of 2.25% November 2022 government bond at a weighted average issue yield of...
Published on : 25 May 2020 , 11:05 AMAOFM provides issuance update; no more syndication this year
The AOFM has announced an issuance update today, saying total gross bond issuance for 2019-20 would be A$130 billion,...
Published on : 22 May 2020 , 12:15 PMAOFM sells Nov 2024 bond at 0.3576%
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.35...
Published on : 22 May 2020 , 11:04 AMT-notes tender beyond six months may be back today
The decision to issue T-notes beyond six-month maturity is a tricky one for the AOFM, as it needs to balance the slig...
Published on : 22 May 2020 , 08:59 AMImportant to note sharp April retail sales fall came after March jump
The 17.9% m/m record fall in retail sales (preliminary) for April published by the Australian Bureau of Statistics to...
Published on : 20 May 2020 , 12:31 PMAOFM sells 2032 bond at 1.0672% Yield
The AOFM has sold A$2.0 billion of 1.25% May 2032 government bond at a weighted average yield of 1.0672%.&n...
Published on : 20 May 2020 , 11:05 AMANZ analysts see total A$300B AGS issuance now to June 2021
ANZ analysts expect total issuance of Australian government securities to exceed A$300 billion between now and June 3...
Published on : 20 May 2020 , 10:21 AM