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Australia’s 10-year government bond yield rose above 5.4%, near its highest level since mid-2011, tracking elevated US Treasury yields amid persistent energy-driven inflation concerns. The 10- and 30-year US Treasury yields traded near levels not seen since 2002 as oil prices remain elevated, raising inflationary risks
Australia’s 10-year government bond yield rose toward 5.4%, near its highest level since mid-2011, tracking a global bond selloff fueled by strong US economic data, higher oil prices, and hawkish central-bank expectations. Strong US business activity has increased expectations for another Fed rate hike, pushing Treasur