Bond yields climbed to multi-month highs on Tuesday, heaping more pressure on the Reserve Bank of Australia to increase the cash rate as traders tracked a global sell-off and Japan hinted at a possible interest rate hike as early as this month
Australia’s policy-sensitive three-year bond rate climbed 6 basis points to 3.94 per cent, the highest since February, while the 10-year yield also advanced 6 basis points to 4.63 per cent, a level last seen in January.
Source: https://www.afr.com/markets/debt-markets/rba-rate-hike-bets-jump-amid-global-bond-sell-off-20251202-p5nk6z