Halister News

(Bloomberg) -- Yield on Australia’s 3-year govt note slides 11 bps to 1.751% and yield on 10-year bond slips 7 bps to 2.452%, with the yield spread widening to 70 bps, most since Feb. 8, from 66 bps on May 2.

• Yield on 1-year note tumbles 14 bps to 1.749%, all-time low
• RBA cuts policy rate by 25 bps to 1.75%, citing lower-than- expected inflationary pressures
• “The Reserve Bank has provided very little guidance in the statement regarding the future intentions,” Andrew Ticehurst, interest-rate strategist at Nomura, says in an interview; keeps forecast for a 25-bps rate cut in Nov. for now; continues to recommend buying govt bonds on dips, citing prospects of low inflation and Nomura’s below- consensus view on growth