| Close | Previous Close | Change | |
|---|---|---|---|
| Australian 3-year bond (%) | 3.646 | 3.664 | -0.018 |
| Australian 10-year bond (%) | 4.355 | 4.373 | -0.018 |
| Australian 30-year bond (%) | 4.993 | 4.999 | -0.006 |
| United States 2-year bond (%) | 3.576 | 3.615 | -0.039 |
| United States 10-year bond (%) | 4.108 | 4.142 | -0.034 |
| United States 30-year bond (%) | 4.7044 | 4.7289 | -0.0245 |
Overview of the Australian Bond Market
Australian government bond yields dipped slightly on November 7, 2025, amid global risk-off and local defensives rotation, as shutdown hopes buoyed sentiment but tech/AI jitters lingered. The 10-year yield fell one basis point to 4.35%, 2-year up fractionally to 3.58% wait—no, data shows + but overall minor; 15-year flat at 4.67%. Moves reflected Nasdaq’s weekly slump influencing ASX tech down 2.3%, with AUD/USD at 0.648 tied to S&P 500 weakness.
September goods balance at A$3.938 billion below A$4 billion poll, but 7.9% exports (gold-driven) versus 1.1% imports signaled stability, aligning RBA’s November hold at 3.6%. S&P PMIs: manufacturing 49.7 (contraction), services 53.1, composite 52.6 showed mild growth. Global cues: China’s export drop amid tariffs, US sentiment at 50.3 lows from shutdown/labor, with Challenger/Revelio data fueling Fed cut bets at 65% December.
US tariff truce talks (possible 90-day extension) and drug pacts eased inflation fears for exporters. Yet, Duffy’s 20% flight cut warning if shutdown persists risks travel/economy.
Overview of the US Bond Market