Australia’s 10-year government bond yield climbed above 5%, reaching the highest level since May 20 as robust jobs data reinforced the case of another rise in interest rates. The economy added 76,300 jobs in June, the largest increase since April last year and far above forecasts of a 15,300 gain, while the jobless rate held at 4.4% as expected, with the participation rate rising to a one-year high of 67%. The upbeat data reinforced signs of tight labor conditions and prompted markets to boost the odds of another rate hike by year-end to 90%, up from 78% previously. Combined with higher oil prices amid renewed fighting in the Middle East, the strong jobs report added to uncertainty over the inflation outlook and increased pressure on the Reserve Bank of Australia to keep policy restrictive. Investors now await second-quarter inflation data due next week, with core inflation expected to accelerate to 3.7% annually from 3.5%, remaining well above the central bank’s 2%-3% target band.

The yield on Australia 10Y Bond Yield rose to 5.05% on July 24, 2026, marking a 0.04 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.32 points and is 0.69 points higher than a year ago, 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 July 25 of 2026.

The yield on Australia 10Y Bond Yield rose to 5.05% on July 24, 2026, marking a 0.04 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.32 points and is 0.69 points higher than a year ago, 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 4.86 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 4.67 in 12 months time.



Bonds Yield Day Month Year Date
Australia 10Y 5.05 0.039% 0.316% 0.692% Jul/24
Australia 52W 4.66 0.030% 0.132% 1.124% Jul/24
Australia 20Y 5.50 0.072% 0.308% 0.528% Jul/24
Australia 2Y 4.68 0.048% 0.247% 1.269% Jul/24
Australia 30Y 5.57 0.058% 0.302% 0.505% Jul/24
Australia 3Y 4.69 0.069% 0.312% 1.230% Jul/24
Australia 5Y 4.75 0.078% 0.342% 1.080% Jul/24
Australia 7Y 4.86 0% 0.316% 0.858% Jul/25



Related Last Previous Unit Reference
Australia Inflation Rate 4.00 4.20 percent May 2026
Australia Interest Rate 4.35 4.35 percent Jun 2026
Australia Unemployment Rate 4.40 4.40 percent Jun 2026

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.05 5.01 16.50 0.56 1969 - 2026 percent Daily

News Stream
Australia 10Y Yield Hits 2-Month High
Australia’s 10-year government bond yield climbed above 5%, reaching the highest level since May 20 as robust jobs data reinforced the case of another rise in interest rates. The economy added 76,300 jobs in June, the largest increase since April last year and far above forecasts of a 15,300 gain, while the jobless rate held at 4.4% as expected, with the participation rate rising to a one-year high of 67%. The upbeat data reinforced signs of tight labor conditions and prompted markets to boost the odds of another rate hike by year-end to 90%, up from 78% previously. Combined with higher oil prices amid renewed fighting in the Middle East, the strong jobs report added to uncertainty over the inflation outlook and increased pressure on the Reserve Bank of Australia to keep policy restrictive. Investors now await second-quarter inflation data due next week, with core inflation expected to accelerate to 3.7% annually from 3.5%, remaining well above the central bank’s 2%-3% target band.
2026-07-23
Australia 10Y Yield Rises to 9-Week High
Australia’s 10-year government bond yield rose toward 5%, reaching a nine-week high as broader risks to global energy supplies fueled inflation concerns. US-Iran fighting continued near the Strait of Hormuz, while Houthi militants threatened shipping in the Red Sea. Supply concerns also spread to the Black Sea after attacks targeted a key export route for Kazakhstan's crude. The resulting surge in oil prices reinforced expectations that the Reserve Bank of Australia could tighten policy further after raising the cash rate three times to 4.35%, with markets pricing an 80% chance of another increase by December. Investors now await Australia's June employment report on Thursday, with forecasts pointing to a 15,000 rise in employment and an unchanged 4.4% unemployment rate. Inflation data for the second quarter are also due next week, with core inflation expected to accelerate to 3.7% annually from 3.5%, well above the RBA's target band, reinforcing the risk of another rate hike.
2026-07-22
Australia 10Y Yield Hits 6-Week High
Australia’s 10-year government bond yield climbed above 4.9%, hitting a six-week high as the escalating Middle East conflict drove oil prices higher and stoked inflation concerns. US attacks on Iran entered a tenth consecutive day, while Iran-backed Houthi militants also announced a maritime embargo against Saudi Arabia, raising fears of broader disruptions to global energy supplies. The resulting surge in oil prices reinforced expectations that the Reserve Bank of Australia could tighten policy further after raising the cash rate three times to 4.35%, with markets pricing a 76% chance of another increase by December. Investors are also awaiting Australia's June employment report on Thursday, with forecasts pointing to a 15,000 rise in employment and an unchanged 4.4% unemployment rate. A weaker-than-expected labor market reading could prompt traders to scale back expectations for further policy tightening.
2026-07-20