Australia’s 10-year government bond yield rose to around 4.73% on Wednesday, extending its rebound from the previous session, as higher-than-expected inflation data reinforced expectations of further policy tightening. Headline inflation held steady at 3.8% in January, but was slightly above the estimated 3.7%. The closely watched trimmed mean inflation edged up to 3.4%, topping expectations and December’s rate of 3.3%. This also marked the seventh consecutive month that underlying inflation has remained above the Reserve Bank’s 2-3% target range, raising the risk of a strong result for the first quarter. Today’s reading followed strong jobs report and elevated wage growth last week, prompting investors to ramp up bets on more interest rate hikes. Markets now assign roughly an 80% probability to a 25-basis-point increase in May, with a move fully priced in by June.

The yield on Australia 10Y Bond Yield rose to 4.72% on February 25, 2026, marking a 0.03 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.07 points, though it remains 0.37 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 February 25 of 2026.

The yield on Australia 10Y Bond Yield rose to 4.72% on February 25, 2026, marking a 0.03 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.07 points, though it remains 0.37 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 4.71 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 4.48 in 12 months time.



Bonds Yield Day Month Year Date
Australia 10Y 4.72 0.025% -0.080% 0.366% Feb/25
Australia 52W 4.17 0.006% 0.136% 0.305% Feb/25
Australia 20Y 5.17 0.017% -0.116% 0.302% Feb/25
Australia 2Y 4.22 0.022% 0.049% 0.438% Feb/25
Australia 30Y 5.23 0.014% -0.106% 0.320% Feb/25
Australia 3Y 4.27 0.022% 0.044% 0.478% Feb/25
Australia 5Y 4.35 0.014% -0.037% 0.445% Feb/25
Australia 7Y 4.53 0.017% -0.059% 0.395% Feb/25



Related Last Previous Unit Reference
Australia Inflation Rate 3.80 3.80 percent Jan 2026
Australia Interest Rate 3.85 3.60 percent Feb 2026
Australia Unemployment Rate 4.10 4.10 percent Jan 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
4.72 4.70 16.50 0.56 1969 - 2026 percent Daily

News Stream
Australia 10Y Yield Rises After Hot Inflation Data
Australia’s 10-year government bond yield rose to around 4.73% on Wednesday, extending its rebound from the previous session, as higher-than-expected inflation data reinforced expectations of further policy tightening. Headline inflation held steady at 3.8% in January, but was slightly above the estimated 3.7%. The closely watched trimmed mean inflation edged up to 3.4%, topping expectations and December’s rate of 3.3%. This also marked the seventh consecutive month that underlying inflation has remained above the Reserve Bank’s 2-3% target range, raising the risk of a strong result for the first quarter. Today’s reading followed strong jobs report and elevated wage growth last week, prompting investors to ramp up bets on more interest rate hikes. Markets now assign roughly an 80% probability to a 25-basis-point increase in May, with a move fully priced in by June.
2026-02-25
AUS 10Y Yield Hovers at 4-Week Low
Australia’s 10-year government bond yield traded around 4.71%, languishing at a four-week low, as markets weighed risks from renewed tariff tensions. US President Donald Trump announced that global tariffs will rise from 10% to 15% after the Supreme Court struck down much of his earlier trade measures. Australian Trade Minister Don Farrell said Sunday he is coordinating with the Washington embassy to assess the impact and explore all options. Limiting further declines, a hawkish RBA outlook was supported by recent strong jobs data and elevated Q4 wage growth, reinforcing the central bank’s view that the economy can absorb tighter policy without layoffs and signaling ongoing labor-market tightness and sustained inflation pressures. This follows the RBA’s rate hike earlier this month. Investors are now focusing on January inflation data, which is expected to further support rate-hike prospects.
2026-02-23
Australia 10-Year Yield Rises After Jobs Data
Australia’s 10-year government bond yield traded around 4.74%, holding above a four-week low after strong jobs data reinforced the Reserve Bank’s view that the economy can absorb tighter policy without triggering layoffs. The jobless rate held at 4.1% in January, below the 4.2% forecast, while employment rose by nearly 18,000, entirely in full-time positions, with the previous month’s hiring revised upward. This comes after annual wage growth remained elevated in Q4, signaling ongoing labor market tightness and highlighting the inflation pressures facing the RBA following this month’s rate hike. A flash PMI survey also showed a pickup in costs and selling prices, supporting a sticky inflation narrative. Markets now price a 76% chance of an RBA rate hike in May, with March nudging up to 28%, although most economists still expect rates to remain unchanged in March.
2026-02-19