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The RBA announced its intentions for...>

AUSSIE BONDS
AUSSIE BONDS: The RBA announced its intentions for the first round of its bond
buying programme unveiled yesterday, but the space showed a limited reaction.
Aussie bond futures blipped a little higher, but then pared gains. The RBA
offered to purchase A$5bn of ACGBs, including the Jul 2022, Apr 2023, Nov 2027 &
May 2028 notes. YM trades +5.0 & XM +21.5 at typing. Curve runs flatter, with
yields sitting -0.0-16.4bp higher in cash trade. Bills last seen -2 to +4 ticks
through the reds.
- The RBA injected A$4.25bn in its daily open market operations today, the least
in six days, after a record high injection seen yesterday.
- The National Post reported that Australian gov't will come up with a second
stimulus package "within days." Treasurer Frydenberg said that it will be "much
bigger" than the first one.
- The Australian Bank Association unveiled some measures to help their customers
through the coronavirus crisis. A statement from the ABA CEO can be found here:
https://www.ausbanking.org.au/banks-small-business-relief-package

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