Bloomberg News

Australia 10-Year Bond Yield Falls to Record Low at 3.81%

November 23, 2011

Nov. 24 (Bloomberg) -- Australian government bonds rallied, sending the benchmark 10-year yield to a record low, as concern of contagion from the European debt crisis pushed investors into the safety of government debt.

The yield on the 10-year note fell as much as 10 basis points to 3.806 percent, before standing at 3.82 percent as of 8:43 a.m. in Sydney. The three-year yield fell 8.5 basis points to 2.98 percent.

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

To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net


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