RBA to re-enter government bond market
- Tuesday, 04 August 2020
The Reserve Bank of Australia (RBA) revealed in its monetary policy decision statement that it will buy Australian government securities (AGS) in the secondary market on 5 August – its first intervention since 6 May. The decision comes as the three-year Australian Commonwealth government bond (ACGB) yield has consistently been above the RBA’s 0.25 per cent yield target since early July.
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