⚠️ AUSTRALIAN BOND YIELDS SURGE TO 15-YEAR HIGH

Australia’s 10-year government bond yield has surged above 5.3%, its highest level since May 2011.

Wall Street strategists have previously described around 5% on the US 10-year as the point where markets can “start to break”. The US yield is now also hovering just below that level.

Higher yields flow through to mortgages, business borrowing and asset prices as investors demand greater returns to lend money.

@Aussie 🙂