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.

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