Reminder - the next RBA bond-buying operation is Monday

The big news from Australia yesterday was the Reserve Bank of Australia NOT buying the April 2024 government bond.

• RBA not buying April 2024 Australian government bonds today
• The April 2024 Australian Commonwealth Government Bond is the 'target' yield bond. The target was 0.1% yield.

With no RBA intervention the yield skyrocketed:

• Australian April 2024 bond yield is 0.5%, 5 times higher than the RBA target

The RBA has a bond-buying schedule:

• Purchases are conducted on Monday, Wednesday and Thursday of each week, excluding public holidays.

More on the schedule can be found at the RBA website here.

Governor Lowe: