The yield on Australian 10-year government bonds were close to 1.8% in the second half of October, a level not seen in almost seven months, as the case for tighter monetary policies strengthens globally. Traders monitored neighboring New Zealand’s decade high inflation rate to draw expectations to what might happen in Australia, raising prospects for interest rate hikes as soon as mid-2022, despite the Reserve Bank of Australia pledging hikes only before 2024. Additionally, minutes from the RBA’s October meeting revealed policymakers expect the economy to return to the recovery path in the current quarter, and reach pre-Delta wave growth levels in mid-2022. Meanwhile, Victoria and New South Wales eased travel restrictions for fully-vaccinated residents, allowing more mobility between Australia’s largest cities, Sydney and Melbourne.

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 October of 2021.

The Australia Government Bond 10Y is expected to trade at 1.74 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 1.98 in 12 months time.

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Australia Government Bond 10Y

Bonds Yield Day Month Year
Australia 10Y 1.77 -0.033% 0.509% 0.909%
Australia 52W 0.11 -0.021% 0.092% 0.005%
Australia 20Y 2.45 -0.049% 0.495% 0.964%
Australia 2Y 0.13 -0.034% 0.112% -0.002%
Australia 30Y 2.57 -0.055% 0.434% 0.743%
Australia 3Y 0.74 0.016% 0.446% 0.599%
Australia 5Y 1.19 0.005% 0.487% 0.883%
Australia 7Y 1.46 -0.019% 0.520% 0.921%

Australia Government Bond 10Y
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.