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ANZ Still Look For The RBA To Buy ACGB Apr-24

RBA

ANZ note that "with the Apr-24 yield rising well above the RBA's 10bp target yesterday, after the Sydney close the RBA announced it had increased the cost at which it would lend the line to 100bp (up from 25bp). This prompted a rally in the Apr-24s in the London session. Despite this, we think the RBA could still enter the market today to make yield target purchases to further emphasise its commitment to the target."

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

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