The spread between the yield on the 10-year Australian and US government bonds fell to 13.8 basis points on Wednesday, the lowest level since April 13, according to data source TradingView. The spread has declined from 31.3 basis points to 13.8 basis points this month. That explains the recent sell-off in AUD/USD. The pair is trading at 0.7048 at press time, the lowest level since July 21, having hit a high of 0.7413 on Sept. 1. The downward move has gathered steam this week amid the US dollar’s broad-based recovery rally. AUD/USD has dropped by nearly 300 pips this week alone. The 10-year yield spread is currently seen at 14.2 basis points. AU-US 10-year yield spread FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Prediction: ETH rebound to $360 in the offing FX Street 1 year The spread between the yield on the 10-year Australian and US government bonds fell to 13.8 basis points on Wednesday, the lowest level since April 13, according to data source TradingView. The spread has declined from 31.3 basis points to 13.8 basis points this month. That explains the recent sell-off in AUD/USD. The pair is trading at 0.7048 at press time, the lowest level since July 21, having hit a high of 0.7413 on Sept. 1. The downward move has gathered steam this week amid the US dollar's broad-based recovery rally. AUD/USD has dropped by nearly 300 pips this week… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
