5/4/2021 10:06:08 AM GMT
Notes/Observations
Asia
- RBA left Cash Rate Target unchanged at 0.10% and maintained its 3-year Yield Target at 0.10% (both as expected); Keeps its dovish undertones and put focus on its July meeting whether to retain the April 2024 bond or shift into the November 2024 maturity for its 3-Year Yield Target; to also consider a 3rd QE program at that time.
- Australia Mar Trade Balance: A$5.6B v A$8.2Be.
- Australia MP Ted O Brien seeks to fight Communist China with boycotts and sanctions.
- Analysts believe that if Australia terminated the lease of Port Darwin to the Chinese early it could kill all future Chinese investment into Australia.