| Close | Previous Close | Change | |
|---|---|---|---|
| Australian 3-year bond (%) | 3.729 | 3.778 | -0.049 |
| Australian 10-year bond (%) | 4.363 | 4.431 | -0.068 |
| Australian 30-year bond (%) | 4.886 | 4.958 | -0.072 |
| United States 2-year bond (%) | 4.185 | 4.214 | -0.029 |
| United States 10-year bond (%) | 4.42 | 4.513 | -0.093 |
| United States 30-year bond (%) | 4.642 | 4.748 | -0.106 |
* Implied yields from March 2025 futures. As at 5th February.
LOCAL BOND MARKETS
Australian government bond yields declined today, with the 3-year bond at 3.729% (down 4.9 bps from 3.778%), the 10-year bond at 4.363% (down 6.8 bps from 4.431%), and the 30-year bond at 4.886% (down 7.2 bps from 4.958%).
Key highlights of today’s bond market:
- Increased Bond Demand – Investors are buying bonds amid expectations of an RBA rate cut.
- Dovish Market Sentiment – Softer inflation data is driving anticipation of monetary easing.
- Global Yield Decline – Falling global bond yields are reinforcing the trend in Australia.
US MARKETS
The yield on 10-year Treasuries declined nine basis points to 4.42%. The Bloomberg Dollar Spot Index fell 0.2%.The 10-year German Bund yield fell 2.5 basis points to 2.374%, tracking U.S. Treasury yields lower.
