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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.
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