Weak Fundamentals Push Australian Bond Yields Higher

Dow Jones
2小时前

0156 GMT - Australian government bond yields keep pushing higher, tracking U.S. Treasurys as markets weigh the prospects of higher interest rates amid concerns about elevated oil prices and rising debt. ANZ says the re-pricing in long-end yields reflects expectations of higher-for-longer policy rates, but also markets seeking more compensation to reflect the global combination of large government borrowing requirements, hyperscaler debt supply and greater policy uncertainty. The medium-term outlook for the RBA's official cash rate is one that would see a much higher average rate over 2026-2028 than during most of the post-Global Financial Crisis era characterized by low rates, the bank says. The Australian 10-year yield is above 5.35%, while the U.S. 10-year sits at 4.96%.

 

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