The Reserve Bank of Australia (RBA) announced on Wednesday that it bought AUD900 million worth of state government bonds.
The central bank purchased A$530 million of New South Wales notes and A$370 million of Victoria notes.
RBA said earlier today that it would buy semi-government bonds worth A$ 2 billion maturing in Jan 2026 to June 2030. It also offered $10 bln in US dollar repo operation on Thursday.
These measures come in a bid to provide ample liquidity in the financial system to help cushion the economic shock from the coronavirus widespread.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.