Australian Bonds Advance; Yield on 10-Year Securities Declines to Record

Australian government bonds advanced, pushing the yield on 10-year securities to a record low, amid concern Europe will struggle to resolve its debt crisis.

The 10-year rate fell seven basis points, or 0.07 percentage point, to 3.718 percent as of 11:42 a.m. in Sydney.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net

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