Australia’s 10-year government bond yield held below 5%, sitting at a two-week low as hopes for a US-Iran peace deal triggered a sharp decline in oil prices and helped ease inflation worries, while disappointing domestic trade figures weighed on sentiment. Australia unexpectedly posted a goods trade deficit of AUD 1.84 billion in March, its first in over eight years, as imports of data centre computing equipment surged, while shipments of fuel also jumped on higher prices. Meanwhile, global oil prices tumbled, easing concerns over inflationary pressures after reports that the US and Iran are moving toward formally ending the conflict, potentially reopening the Strait of Hormuz and paving the way for further nuclear talks. On Tuesday, the RBA extended its tightening cycle to a third straight meeting, reinforcing its commitment to returning inflation to the 2–3% target. Markets now see only a 20% chance of another move in June, while a further increase by September remains fully priced.

The yield on Australia 10Y Bond Yield rose to 4.98% on May 7, 2026, marking a 0.01 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.10 points and is 0.73 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Australia 10-Year Government Bond Yield reached an all time high of 16.50 in August of 1982. Australia 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on May 7 of 2026.

The yield on Australia 10Y Bond Yield rose to 4.98% on May 7, 2026, marking a 0.01 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.10 points and is 0.73 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Australia 10-Year Government Bond Yield is expected to trade at 4.98 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.77 in 12 months time.



Bonds Yield Day Month Year Date
Australia 10Y 4.98 0.004% 0.100% 0.730% May/07
Australia 52W 4.71 0.010% 0.112% 1.211% May/07
Australia 20Y 5.33 -0.020% 0.073% 0.530% May/07
Australia 2Y 4.69 0.014% 0.099% 1.365% May/07
Australia 30Y 5.37 -0.021% 0.082% 0.474% May/07
Australia 3Y 4.65 0.007% 0.087% 1.284% May/07
Australia 5Y 4.69 0.003% 0.098% 1.099% May/07
Australia 7Y 4.80 -0.002% 0.076% 0.879% May/07



Related Last Previous Unit Reference
Australia Inflation Rate 4.60 3.70 percent Mar 2026
Australia Interest Rate 4.35 4.10 percent May 2026
Australia Unemployment Rate 4.30 4.30 percent Mar 2026

Australia 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.98 4.96 16.50 0.56 1969 - 2026 percent Daily

News Stream
Australia 10Y Yield Holds at 2-Week Low
Australia’s 10-year government bond yield held below 5%, sitting at a two-week low as hopes for a US-Iran peace deal triggered a sharp decline in oil prices and helped ease inflation worries, while disappointing domestic trade figures weighed on sentiment. Australia unexpectedly posted a goods trade deficit of AUD 1.84 billion in March, its first in over eight years, as imports of data centre computing equipment surged, while shipments of fuel also jumped on higher prices. Meanwhile, global oil prices tumbled, easing concerns over inflationary pressures after reports that the US and Iran are moving toward formally ending the conflict, potentially reopening the Strait of Hormuz and paving the way for further nuclear talks. On Tuesday, the RBA extended its tightening cycle to a third straight meeting, reinforcing its commitment to returning inflation to the 2–3% target. Markets now see only a 20% chance of another move in June, while a further increase by September remains fully priced.
2026-05-07
Australia 10Y Yield Falls Despite RBA Hike
Australia’s 10-year government bond yield fell below 5%, hitting a two-week low as the Reserve Bank delivered a widely expected 25bp hike to 4.35% while leaving the prospect of further tightening uncertain. In an eight to one vote, the central bank raised the cash rate for a third consecutive meeting, returning it to levels last seen at the peak of the post-pandemic inflation surge, underscoring its focus on bringing inflation back to the 2–3% target. The decision marked a more hawkish stance than the split seen in March, though policymakers signaled that monetary policy is now “well placed to respond to developments,” hinting at a possible pause ahead. Markets now see only a 20% chance of another move in June, while a further increase toward 4.60% by September remains fully priced. Meanwhile, a retreat in global oil prices amid growing optimism about a possible end to the conflict in the Middle East helped ease inflation concerns.
2026-05-05
Australia 10-Year Yield Remains Near 5%
Australia’s 10-year government bond yield hovered around 5%, remaining close to the highest level since 2011 as markets are pricing in a 25 bps rate hike on May 5, which would mark a third consecutive increase and lift the cash rate to 4.35%. Expectations are also firming that rates could climb to 4.60% or higher by the end of the year, underscoring persistent concerns about inflation amid the closure of the Strait of Hormuz. Australia’s annual inflation rate accelerated to 4.6% in March, well above the RBA’s 2–3% target and the highest level since the introduction of monthly CPI reporting in 2025. Meanwhile, the manufacturing PMI rose to 51.3 in April 2026, beating both the preliminary estimate of 51 and March’s reading of 49.8. Producer prices for final demand rose 0.4% quarter-on-quarter in Q1 2026, slowing from a revised 0.8% increase in Q4 2025 and below the forecasted 0.9% gain.
2026-05-01