I posted on Friday about the Reserve Bank of Australia’s bond buying timetable each week:
RBA purchases today were in the previously announced 5- to 7-year timeframe, 1.6bn AUD amount.
The RBA has given up on its 0.1% target for the April ’24 Australian Commonwealth Government Bond. ICYMI last week:
With no RBA intervention the yield skyrocketed:The ‘no rate hike until 2024’ promise from the RBA will not last much longer: