/biz/ - Business & Finance

>>30110079
>If this happens

it is, quite literally happening as we speak.

Reserve Bank of Australia announced on monday they are doubling their bond buy back program(quantative easing) to $4 billion a day(which would total to just over $1 trillion/year)

All in the aim of suppressing bond yields and interest rates. It might not be official, but it doesnt have to be. YCC is here. They will stop at nothing to ensure yields and rates dont rise because that is exactly what will topple the whole house of cards.

The markets (rightfully) assumed the FED would follow the RBA's lead and likewise increase their QE measures, hence why you see the markets pumping back up.