Bloomberg News

Aussie Dollar, Bond Yields Decline After Consumer Price Report

October 25, 2011

Oct. 26 (Bloomberg) -- The Australian dollar dropped against its U.S. counterpart and bond yields fell after a government report showed consumer prices rose 0.6 percent in the third quarter.

The currency traded at $1.0386 at 11:36 a.m. in Sydney from $1.0428 in New York yesterday and $1.0430 before the data.

Yields on 10-year notes declined 13 basis points, or 0.13 percentage point, to 4.38 percent. Yields on 3-year debt dropped 19 basis points to 3.726 percent.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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