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MNI: For anyone who missed it, the relevant part.....>

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MNI (London)
MNI: For anyone who missed it, the relevant part of the RBA's statement on
targeting the 3-year yield is this:
A target for the yield on 3-year Australian Government bonds of around 0.25 per
cent.
"This will be achieved through purchases of Government bonds in the secondary
market. Purchases of Government bonds and semi-government securities across the
yield curve will be conducted to help achieve this target as well as to address
market dislocations. These purchases will commence tomorrow. The Bank will work
closely with the Australian Office of Financial Management (AOFM) and state
government borrowing authorities to ensure the efficacy of its actions. Further
details about the implementation of this are provided in the accompanying
notice."
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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