Business
RBA doubles daily bond buying to $4b – The Australian Financial Review
The Reserve Bank has doubled the size of its daily quantiative easing program announcing it would increase bond purchases from $2 billion to $4 billion.
The Reserve Bank has doubled the size of its daily quantitative easing program, announcing it would increase bond purchases from $2 billion to $4 billion.
The announcement immediately drove the yield, or borrowing cost, on longer term bonds down.
The 10-year bond yield decreased to 1.61 per cent from 1.72 per cent. The 10-year yield had risen to as high as 1.95 per cent last Thursday when bonds were sold off. The five-year yield traded at 0.70 per cent.
The RBA announced at 11am on Monday that it…
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