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The interest rate on 3-year Australian government bonds has been approximately 0.1% so far in 2021. Which of the following is the most likely explanation

The interest rate on 3-year Australian government bonds has been approximately 0.1% so far in 2021. Which of the following is the most likely explanation of this near-zero market rate of interest on government bonds?

Purchases of bonds by the RBA on the primary market.

The low level of government debt.

Purchases of bonds by the RBA on the secondary market.

Budget surpluses in recent years.

Government budget deficits.

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