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Yields dive as RBA readies for QE

The Australian bond market is readying for outright quantitative easing after Reserve Bank governor Philip Lowe dropped his strongest hint yet that the central bank will take on bond purchases of longer maturities in the style of the Federal Reserve.

Pendal's head of fixed income Vimal Gor says the RBA is succumbing to the lure of QE, over a decade after most central banks.  LOUIE DOUVIS

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Vesna Poljak was The Australian Financial Review’s companies editor.
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com

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    Original URL: https://www.afr.com/markets/debt-markets/yields-dive-as-rba-readies-for-qe-20201015-p565d3