RBA in buying long-dated Australian government bonds, double the usual amount
Reserve Bank of Australia buying AUD 4bn, which is twice the usual size of their purchases.
- November 2024 to May 2028 bonds
The RBA is signalling its determination to drive yields towards their target level. 10 year ACGS drop 30+ bps on the session now.
AUD has rallied so far but little response to this.