Australia’s central bank declines to defend bond target even as yield spikes
BREAKING NEWS: **REFUSES** TO BUY COUNTRY’S BONDS! Hal Turner, 27 October, 2021 The Royal Bank of Australia (RBA) has sent the financial world into spasms today by REFUSING to buy it’s own Country’s Bonds! Heading into the Thursday session, markets were expecting the RBA to buy the April 2024 bond in order to contain the recent blow out in yields, which had moved far beyond the central bank’s official 0.1% objective in the past day. However, the central bank shocked…