Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

RBA buys 840m RMBS

Staff Reporter 1 minute read

The Reserve Bank is beefing up its purchase of short-term RMBS in a bid to pump life into the Australian securitisation market.

The bank yesterday purchased $840 million worth of RMBS, The Australian reported. This was the biggest one day transaction since the bank widened its market operations last year.

$815 million was purchased on a 13 day loan at 7.12 per cent; the remaining $25 million on a nine day loan priced at 7.05 per cent.

Published: 02-10-08

Today's other news

Advertisement
Advertisement

 

RBA buys 840m RMBS
default
TheAdviser logo
default
more from the adviser
first home buyers ta Brokers wrote half of FHLDS loans

The latest figures for the FHLDS suggest that brokers assisted in...

percent arrow down ta Low repayment loan for brokers launches

Specialist lender TrailBlazer Finance has launched a new low repa...

handshake contract ta PLAN bolsters lending panel

The aggregator has announced the addition of Better Choice Home L...

FROM THE WEB