Australian 3 year bond yield rises despite RBA action

Author: Eamonn Sheridan | Category: Central Banks

Earlier:   RBA is back buying 3-year ACGBs today

The Reserve Bank of Australia buying was aimed at getting the yield on the instrument down to around its target level of 0.1% 

But, instead, yield has risen to circa 0.14% . Yields on 10 years are also higher. 

US 10 yr yield on the rise in Asia time also FWIW. 

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