Australia’s 10-year government bond yield edged down to 4.30% on Thursday, mirroring a decline in US bond yields as traders ramped up bets for a Fed rate cut in September. This followed comments from New York Fed President John Williams, who suggested a cut was possible, along with concerns over President Donald Trump’s ramped-up campaign to exert more influence on monetary policy as he attempted to fire Fed Governor Lisa Cook. Back at home, data released on Wednesday showed consumer prices rose more than expected in July, dampening hopes for an imminent rate cut by the Reserve Bank of Australia next month. Markets are currently implying just 34bps of additional easing for the remainder of 2025. The data came a day after the release of the RBA’s latest meeting minutes, which reiterated the central bank’s openness to further interest rate cuts, provided inflation continued to ease in line with its forecasts.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.