Australia’s 10-year government bond yield jumped above 4.5%, reaching its highest levels in five months as stronger-than-expected domestic inflation data bolstered expectations that the Reserve Bank of Australia will not cut interest rates soon. The country’s consumer price index fell to 3.6% in the first quarter from 4.1% in the previous quarter, slowing for the fifth straight quarter but coming in above forecasts of 3.4%. Australia's monthly CPI indicator also accelerated to 3.5% in March from 3.4% in February, defying market expectations for no change. Earlier this week, data showed that private sector growth in Australia increased the most in 2 years during April as manufacturing activity approached the break-even level, while services activity remained expansionary for the third consecutive month.
Australia 10Y Bond Yield was 4.57 percent on Friday April 26, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Australia 10-Year Government Bond Yield reached an all time high of 16.50 in August of 1982. Australia 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on April 26 of 2024.
Australia 10Y Bond Yield was 4.57 percent on Friday April 26, according to over-the-counter interbank yield quotes for this government bond maturity. The Australia 10-Year Government Bond Yield is expected to trade at 3.92 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.68 in 12 months time.