Australia 10-Year Government Bond Yield

Australia 10-Year Government Bond Yield fell by 0.017% on Friday October 24, trading at 4.157% with a monthly loss of 0.17%. A weaker-than-expected September jobs report which saw the unemployment rate rise to 4.5%, significantly increased market expectations for a Reserve Bank of Australia rate cut in November, driving down bond yields. Conversely, recent inflation data including a rebound in the monthly inflation gauge for September and August's annual inflation hitting a one-year high, has supported the case for keeping interest rates on hold, creating opposing pressure on yields. The RBA's recent decision to maintain the cash rate at 3.60% while reiterating a data-dependent approach also influences market sentiment and yield movements. Its 52-week high was 4.721 %, while its 52-week low was 4.035 %.