Aussie Bonds Rise With Currency as Investors Weigh Fed Tapering

Australian government bonds rose along with the currency as investors weigh the U.S. central bank’s timing for tapering stimulus that has supported higher-yielding assets globally.

Australia’s 10-year yield dropped before a report today that may show U.S. durable goods orders fell in July for the first time in four months, signaling the recovery in the world’s biggest economy remains patchy. The Australian dollar remained higher after a two-day advance. New Zealand’s currency gained, halting a five-day slide, as Asian stocks climbed.