Free Trial

Another Record For RBA E/S Surplus

RBA

Surplus funds lodged on E/S accounts at the RBA have hit a record A$123.9bn. The RBA is now exactly halfway through its A$100bn of ACGB/semi-government bond purchases, with the surplus set to swell further as the purchase scheme continues. With this cash looking for a higher return than the 0.00% afforded to it by the RBA, we should see continued demand for ACGBs, as well as semi-government and corporate supply (and that is just from an onshore perspective).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.