RBA buys $2.3 bln of government bonds as part of its QE programme

As a part of its quantitative easing (QE) programme announced last Thursday, the Reserve Bank of Australia bought A$4 billion ($2.3 billion) in local government bonds on Monday.

Key details

Buys A$891M Of May 2021 notes, avg yield 0.2655%

Buys A$1.15B Of Dec. 2021 notes, avg yield 0.2653%

Buys A$850M Of Apr. 2027 notes, avg yield 0.5679%

Buys A$1.11B Of Nov. 2028 notes, avg yield 0.803%