With all eyes on the RBA, Australia's 10-year Treasury yields are flirting with a seven-year high.

As Aussie traders are counting on the Reserve Bank of Australia's (RBA) monetary policy meeting, the benchmark of Australia

May 03, 2022 - 12:41 PM 287 views

With all eyes on the RBA, Australia's 10-year Treasury yields are flirting with a seven-year high.

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© With all eyes on the RBA, Australia's 10-year Treasury yields are flirting with a seven-year high.

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As Aussie traders are counting on the Reserve Bank of Australia's (RBA) monetary policy meeting, the benchmark of Australia’s 10-year old treasury rates is swinging near its highest points since November 2014.

After hitting a multi-month high of 3.33% when compared to its last, Tuesday’s Asian time press time reports that the key bond coupon pulled out to 3.30%.

The Reserve Bank of Australia (RBA)’s 0.15% increase will likely help the Australian dollar as well as the AUD/USD currency pair. The non-existence of Japanese traders and stronger US treasury yields might test the quotes before the start of the US session.

The AUD/USD rate has risen above 0.17% and is currently hovering around 0.7065.

Geo-political worries and Australia’s macro economy have increased the credit card risks stated by the global rating agency Fitch.

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