Australian 10-Year Bond Yield Falls Below 5%
The yield fell below 5.00% for the first time since late August, following an overnight rally in U.S. Treasurys as tech stocks fell. ANZ strategist Jack Chambers said the yield bottom is difficult to call.
The Australian 10-year government bond yield has fallen below 5.00% for the first time since late August in a move that follows a rally in U.S. Treasurys overnight as tech stocks fell. The bottom in yields is hard to call here from here, says Jack Chambers, interest-rate strategist at ANZ. Ultimate…