Australia’s 10-year government bond yield steadied at 4.80% after hitting a two-week low in the previous session, as the RBA reaffirmed its hawkish stance. Governor Michele Bullock, speaking before parliament, said the central bank is prepared to tighten policy further if price pressures persist, saying that inflation “with a three in front of it” is unacceptable. The RBA projects both headline and core inflation to remain above target this year. Bullock’s remarks echoed those of Deputy Governor Andrew Hauser, who earlier warned that inflation remains too high and continues to pose a major challenge for policymakers. Data out today showed consumer inflation expectations rose to an eight-month high of 5% in February, adding to the case for a hike. The RBA raised its cash rate to 3.85% last week, becoming the first major central bank to resume tightening this year. Traders are now pricing in an 80% probability of a follow-up hike in May and a 60% chance of a third move later this year.

The yield on Australia 10Y Bond Yield rose to 4.78% on February 12, 2026, marking a 0.01 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.08 points and is 0.29 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 12 of 2026.

The yield on Australia 10Y Bond Yield rose to 4.78% on February 12, 2026, marking a 0.01 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.08 points and is 0.29 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 4.77 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 4.55 in 12 months time.



Bonds Yield Day Month Year Date
Australia 10Y 4.79 0.021% 0.083% 0.287% Feb/12
Australia 52W 4.18 -0.013% 0.241% 0.264% Feb/12
Australia 20Y 5.24 0.049% 0.069% 0.280% Feb/12
Australia 2Y 4.25 0.017% 0.224% 0.381% Feb/12
Australia 30Y 5.30 0.049% 0.069% 0.309% Feb/12
Australia 3Y 4.30 0.030% 0.222% 0.430% Feb/12
Australia 5Y 4.39 0.033% 0.146% 0.389% Feb/12
Australia 7Y 4.59 0.034% 0.133% 0.330% Feb/12



Related Last Previous Unit Reference
Australia Inflation Rate 3.80 3.40 percent Dec 2025
Australia Interest Rate 3.85 3.60 percent Feb 2026
Australia Unemployment Rate 4.10 4.30 percent Dec 2025

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
4.78 4.77 16.50 0.56 1969 - 2026 percent Daily

News Stream
Australia 10Y Yield Steadies
Australia’s 10-year government bond yield steadied at 4.80% after hitting a two-week low in the previous session, as the RBA reaffirmed its hawkish stance. Governor Michele Bullock, speaking before parliament, said the central bank is prepared to tighten policy further if price pressures persist, saying that inflation “with a three in front of it” is unacceptable. The RBA projects both headline and core inflation to remain above target this year. Bullock’s remarks echoed those of Deputy Governor Andrew Hauser, who earlier warned that inflation remains too high and continues to pose a major challenge for policymakers. Data out today showed consumer inflation expectations rose to an eight-month high of 5% in February, adding to the case for a hike. The RBA raised its cash rate to 3.85% last week, becoming the first major central bank to resume tightening this year. Traders are now pricing in an 80% probability of a follow-up hike in May and a 60% chance of a third move later this year.
2026-02-12
AUS 10Y Yield Falls to 2-Week Low
Australia’s 10-year government bond yield fell to 4.77%, its lowest level in two weeks, despite hawkish comments from Reserve Bank of Australia officials. Deputy Governor Andrew Hauser warned that inflation remains too high and cannot be allowed to persist for much longer, stressing that the central bank is prepared to “do what is needed” to return inflation to the 2-3% target range. Hauser’s remarks followed comments from Governor Michelle Bullock, who said in her testimony to lawmakers last week that higher interest rates remain necessary to cool economic activity and bring demand back into line with constrained supply. The RBA raised its cash rate to 3.85% last week, citing persistent inflation and stronger growth in private sector demand. Markets currently imply a 70% chance of another 25-basis-point hike in May, with around 37 basis points of additional tightening priced in for the rest of the year.
2026-02-11
AUS 10Y Yield Rises on RBA Hawkish Tone
Australia’s 10-year government bond yield hovered around 4.84%, hovering near its highest level in more than two years, after the RBA signaled that interest rates would need to remain restrictive to tackle persistent inflationary pressures. Speaking to the House of Representatives Standing Committee on Economics, Governor Michelle Bullock said the central bank remains cautious to ensure price stability. Persistent price pressures in services and a resilient labor market continue to support domestic demand, complicating the timing of any rate cuts. She emphasized that the board is in no rush to alter its restrictive stance, following last week’s unanimous decision to raise rates. Meanwhile, after strong gains in the prior two months, Australia’s household spending unexpectedly fell in December, reflecting the ongoing impact of high living costs and elevated interest rates.
2026-02-09