Free Trial

Bond Purchases A Little More Front-Loaded Vs. Consensus

RBA

The RBA noted that it will purchase A$100 billion of government bonds of maturities of around 5 to 10 years over the next six months...Under the program to purchase longer-dated bonds, the Bank will buy bonds issued by the Australian Government and by the states and territories, with an expected 80/20 split.

  • A$100bn of government bonds = in line with consensus ahead of the decision, however, the 6-month time frame front loads the purchases a little more than some expected (some looked for a purchase period of 6 months, some looked for 1 year).
  • Purchase details can be found here.
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.