Yields on Australian government bonds spiked after the Reserve Bank of Australia (RBA) cut rates to a fresh record low of 0.25% as expected and launched a yield curve control program. The yield on the benchmark 10-year bond surged by over 100 basis points after the rate decision hit the wires at 03:30 GMT and was last seen trading near 1.60%. Meanwhile, the US 10-year Treasury yield is currently trading at 1.25%. With the Aussie government bond offering a higher yield than its US counterpart, the AUD/USD pair may regain some poise. The currency pair is currently trading at 0.5585, having hit an 18-year low of 0.5506 in Asia. 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 Brave alleges Google of violating Europe’s data protection law FX Street 2 years Yields on Australian government bonds spiked after the Reserve Bank of Australia (RBA) cut rates to a fresh record low of 0.25% as expected and launched a yield curve control program. The yield on the benchmark 10-year bond surged by over 100 basis points after the rate decision hit the wires at 03:30 GMT and was last seen trading near 1.60%. Meanwhile, the US 10-year Treasury yield is currently trading at 1.25%. With the Aussie government bond offering a higher yield than its US counterpart, the AUD/USD pair may regain some poise. The currency pair is currently trading at 0.5585,… Regulated 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.
