0035 GMT - The Reserve Bank of Australia looks set to begin raising interest rates and that's going to intensify pressure on infrastructure stocks. Jefferies analyst Anthony Moulder acknowledges the disconnect between cash rates in the markets that most debt is sourced from, and the level of Australian 10 year government bonds. Still, the difference between infrastructure yields and the Australia's 10-year bond has narrowed. Jefferies favors Atlas Arteria and Auckland International Airport over toll road owner Transurban. "Transurban remains well-positioned to continue to deliver solid growth in distributions from its existing portfolio," Jefferies says. "However, at the current yield, it remains at a very low premium to the Australian 10 year." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 02, 2026 19:35 ET (00:35 GMT)

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