Australia Yields Hit Highest Since 2014 With RBA, Fed Hikes Seen
- Global bonds dropped by the most on record last month
- RBA, Federal Reserve each expected to hike rates this week
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Australian bonds sold off as investors anticipate the nation’s central bank will raise interest rates on Tuesday for the first time since 2010.
Yields on benchmark 10-year government notes jumped 14 basis points to 3.26%, the highest since November 2014. The premium over similar-dated Treasuries rose to 32 basis points, up 13 basis points from Friday, according to data compiled by Bloomberg.