The Reserve Bank of Australia (RBA) has embarked on an asset purchasing programme as part of its regular open market operations in support of monetary policy goals. KangaNews will provide subscribers with easy access to asset purchase data, which will be updated as the RBA makes information publicly available.
New Zealand Local Government Funding Agency (LGFA)’s new 10-year deal shows signs of a longer-duration bank balance-sheet bid in the local market, a development the issuer says is encouraging for other borrowers seeking longer-tenor debt.
On 12 May, Australian Office of Financial Management (AOFM) revealed a borrowing task for the 2021/22 fiscal year of A$130 billion (US$101.9 billion) following the release of the federal budget the night before. Issuance of treasury indexed bonds by tender will be around A$2-2.5 billion.