(Bloomberg) -- Australia's 10-year government bonds
fell, pushing the yield higher than 6 percent for the first time
since June 2004.
The yield on the benchmark 10-year bond rose 3 basis points,
or 0.03 percentage point, to 6 percent at 10:59 a.m. in Sydney.
The price of the 6 percent bond maturing in February 2017 fell
0.234, or A$2.34 per A$1,000 face amount, to 99.981. Bond yields
move inversely to price.
Read more at Bloomberg Bonds News
fell, pushing the yield higher than 6 percent for the first time
since June 2004.
The yield on the benchmark 10-year bond rose 3 basis points,
or 0.03 percentage point, to 6 percent at 10:59 a.m. in Sydney.
The price of the 6 percent bond maturing in February 2017 fell
0.234, or A$2.34 per A$1,000 face amount, to 99.981. Bond yields
move inversely to price.
Read more at Bloomberg Bonds News
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