Bloomberg News

Australia 10-Year Bond Yield Tumbles to Record on Europe Concern

December 13, 2011

Dec. 13 (Bloomberg) -- Australian government bonds advanced, pushing the 10-year note yield to a record low, amid concern European governments face credit-rating cuts following last week’s summit on the debt crisis.

The yield on 10-year Australian notes tumbled nine basis points, or 0.09 percentage point, to 3.79 percent. The three- year yield fell 7 basis points to 3.05 percent.

To contact the reporter on this story: Benjamin Purvis in Sydney at bpurvis@bloomberg.net

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


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