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ASX rises as RBA fights rate rises with another $4 billion bond purchase – ABC News
The Australian share market rises, while the Reserve Bank buys longer-dated government bonds, after a sharp sell-off in bonds saw yields climb sharply last week….
The Australian share market has risen, while the Reserve Bank has bought $4 billion of longer-dated government bonds as it battles to keep interest rates near its record-low target.
Key points:
- The Australian share market rose in early trade after a sharp sell-off on Friday
- Crown discovered it had underpaid staff and reported it to the Fair Work Ombudsman
- Another Crown director has resigned following the NSW inquiry into the casino operator
By 12:00pm (AEDT), the ASX 200 was 1.5 per cent higher at…
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