Bond traders wager on two more cuts after no RBA pushback

Bond traders are pricing in more rate relief in the coming months amid signs the Reserve Bank of Australia governor Michele Bullock appears more comfortable about inflation and the labour market.

The central bank – in a widely anticipated move – cut the cash rate for the third time this year by a quarter of a point to 3.6 per cent on Tuesday, its lowest level in two years. The decision was unanimous among the board’s nine board members.

Source: https://www.afr.com/markets/debt-markets/bond-traders-wager-on-two-more-cuts-after-no-rba-push-back-20250811-p5mlzm