Yields hit 15-year high as bond investors damn ‘radical budget’

Bell Potter market veteran Richard Coppleson says fixed-income investors have panned Labor’s budget, triggering a sharp sell-off in 10-year bonds over fears that prolonged, heavy government spending will stoke inflation and saddle future generations with debt.

The author of the Coppo Report, a much-read daily markets newsletter, said Monday afternoon’s spike in 10-year government bond yields to a 15-year high was “a damming assessment by the bond market [of] the damage it sees that could hit the economy from this radical budget”.

Source: https://www.afr.com/policy/economy/yields-hit-15-year-high-as-bond-investors-damn-radical-budget-20260519-p5zyiw