RBA offers to buy up to A$5 bln of government bonds in first round of QE

Reserve Bank of Australia said it will buy up to A$5bln of government bonds in the first round of QE.

Key notes

• Says offers to buy bonds with maturity between 2 years and 8 years.
• Says offers to buy govt bonds maturing July 2022, April 2023, Nov 2027 and May 2028.

More to come...