Skip to content
Subscriber Only
Markets
Economics

RBA Doubles Down in Defense of Yields Amid Global Bond Rebound

  • Central banks are seeking to check surging bets on reflation
  • Government bonds in Japan, New Zealand bonds also advance
Night-time Economy in Melbourne as Lockdown Struggles
Photographer: Carla Gottgens/Bloomberg
Updated on

Want the lowdown on what's moving Asia’s markets in your inbox every morning? Sign up here.

The Reserve Bank of Australia doubled down on bond purchases Monday, spurring the biggest drop in yields in a year as policy makers around the world seek to check runaway bets on reflation.