Oct. 28 (Bloomberg) -- Australian bonds declined as the rally in global stocks sapped demand for the relative safety of government debt.

Yields on the 10-year security rose as much as 13 basis points, or 0.13 percentage points, to 4.62 percent. That’s the highest level since Aug. 10.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

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