Bloomberg News

Australia’s 2027 Bond Yield Drops Below RBA’s Cash Rate Target

November 09, 2011

Nov. 10 (Bloomberg) -- Australian bonds rose, sending the yield on the country’s longest-dated securities below the Reserve Bank of Australia’s cash target of 4.5 percent.

The yield on 2027 securities fell 12 basis points, or 0.12 percentage point to 4.43 percent. Yields on the 3-year note dropped 15 basis points to 3.43 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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