As I said in that post, there were questions about the RBA commitment to their yield target. The target is 0.1% and this bond had been circa 0.17%. The Bank had been trying to hold its yield down (price up) by raising the cost of shorting it via higher repo charges. Now in with a more direct approach, buying for the first time since February.
AUD dribbled a few tics lower on the RBA showing its commitment (which is how this is being read) to holding rates down …. and as I prepare the chart AUD/USD moves back more or less unchanged, making a liar out of me ….