Australia 10-Year Government Bond Yield - Quote - Chart - Historical Data (2024)

Australia's 10-year government bond yield stabilized at around 3.84% as investors continued to assess the Reserve Bank of Australia’s monetary policy outlook. The central bank has maintained a hawkish stance, dissuading the market from pricing in cuts this year. Earlier this month, RBA Governor Michele Bullock emphasized that it is too soon to consider rate cuts as inflation remained too high. Assistant Governor Sarah Hunter also recently said that the labor market is still tight relative to full employment, with employment expected to continue rising but at a slower pace than population growth. Investors are now awaiting the country’s jobs report this week to gauge the health of the labor market and its potential implications on the domestic monetary policy. Meanwhile, market attention will also be focused on an expected interest rate cut by the US Federal Reserve later this week.

Australia 10Y Bond Yield was 3.85 percent on Monday September 16, 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 September 16 of 2024.

Australia 10Y Bond Yield was 3.85 percent on Monday September 16, 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 3.95 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 3.88 in 12 months time.

Australia 10-Year Government Bond Yield

Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.