The yield on the Australian 10-year bond hovered near 1.30% in the second half of September, after hitting a two-week low of 1.21% on September 15th, amid an improvement in risk appetite fueled by a surge in the vaccination rates in Australia, with over 70% of the population inoculated with the first dose. Still, gains were limited by mixed jobs data, while the August unemployment rate eased to 4.5%, against market expectations of 4.9%, the economy lost 146.3K in jobs, more than expected.
Historically, the Australia Government Bond 10Y reached an all time high of 16.50 in August of 1982. Australia Government Bond 10Y - data, forecasts, historical chart - was last updated on September of 2021.
The Australia Government Bond 10Y is expected to trade at 1.39 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 1.59 in 12 months time.