AUS 10Y Yield Stays Near Multi-Month Lows

2026-06-16 05:09 By Joshua Ferrer 1 min. read

Australia’s 10-year government bond yield traded around 4.8%, staying near multi-month lows after the Reserve Bank kept rates unchanged for the first time this year.

In a unanimous vote, the central bank held the cash rate at 4.35%, citing signs that three rate hikes earlier this year are beginning to filter through the economy.

While policymakers reiterated that inflation remains elevated, a recent series of softer economic data gave the RBA room to pause and assess the impact of past tightening.

Markets now await Governor Michele Bullock’s press conference later today for clues on whether policymakers are leaning toward an extended pause or maintaining a tightening bias.

Three of Australia’s four largest banks expect the RBA to keep rates unchanged for the remainder of 2026, with some forecasting rate cuts next year.

Elsewhere, global inflation concerns eased as oil prices fell sharply following a tentative US-Iran peace deal that could lead to the reopening of the Strait of Hormuz.



News Stream
AUS 10Y Yield Stays Near Multi-Month Lows
Australia’s 10-year government bond yield traded around 4.8%, staying near multi-month lows after the Reserve Bank kept rates unchanged for the first time this year. In a unanimous vote, the central bank held the cash rate at 4.35%, citing signs that three rate hikes earlier this year are beginning to filter through the economy. While policymakers reiterated that inflation remains elevated, a recent series of softer economic data gave the RBA room to pause and assess the impact of past tightening. Markets now await Governor Michele Bullock’s press conference later today for clues on whether policymakers are leaning toward an extended pause or maintaining a tightening bias. Three of Australia’s four largest banks expect the RBA to keep rates unchanged for the remainder of 2026, with some forecasting rate cuts next year. Elsewhere, global inflation concerns eased as oil prices fell sharply following a tentative US-Iran peace deal that could lead to the reopening of the Strait of Hormuz.
2026-06-16
AUS 10Y Yield Hits Over 3-Month Low
Australia’s 10-year government bond yield dropped below 4.8%, hitting over a three-month low after a US–Iran interim peace deal eased global inflation concerns, while markets widely expect the Reserve Bank will hold policy rates this week. A series of softer economic releases, from GDP to housing prices, reinforced signs that the central bank’s three rate hikes earlier this year began to filter through the economy. Market pricing now ruled out a move at the June meeting, while bets for an August rate hike have eased sharply to around 35%, down from more than 80% a month ago. The May CPI report due on June 24, will be pivotal as policymakers look for clearer evidence that price pressures remain strong. Meanwhile, the US and Iran reportedly reached a peace agreement, sending oil prices lower, easing inflation and rate-hike expectations. The deal, set to be signed in Switzerland on June 19, includes sanctions relief for Iran, lifting blockades, and dismantling Tehran’s nuclear program.
2026-06-15
Australia 10Y Yield Holds at 3-Month Low
Australia’s 10-year government bond yield held its recent decline to around 4.8%, staying near a three-month low as markets widely expect the Reserve Bank will hold policy rates next week. A series of softer economic releases, from GDP to housing prices, reinforced signs that the central bank’s three rate hikes earlier this year began to filter through the economy. Market pricing now ruled out a move at the June 16 meeting, while expectations for an August rate hike have eased sharply to around 35%, down from more than 80% a month ago. The May CPI report due on June 24, will be pivotal after an unexpectedly soft April inflation reading, as policymakers look for clearer evidence that price pressures remain strong. Meanwhile, growing optimism over an imminent US–Iran peace deal eased concerns about persistent inflation, after US President Donald Trump said an agreement could be reached as early as this weekend following his decision to postpone planned strikes on Iran.
2026-06-12