每经AI快讯，11月3日，澳大利亚10年期国债收益率上涨5个基点至4.35%，为10月10日以来最高。 ...

Core Viewpoint - Australia's 10-year government bond yield increased by 10 basis points in a single day, following the upward trend of U.S. Treasury yields [1] Group 1 - The rise in Australia's 10-year bond yield reflects a broader trend in global bond markets, particularly influenced by U.S. Treasury yields [1]

Group 1 - The global long-term bond market is experiencing a rebound as investors seek buying opportunities after a sell-off, with U.S. and Japanese 30-year bond yields dropping approximately 20 basis points since early September, and UK yields falling over 10 basis points [1] - The recent decline in long-term bond yields is partly driven by reduced supply, as some countries shift their issuance focus to cheaper short-term bonds, with Japan proposing to cut long-term bond issuance and the UK central bank reducing long-term bond sales in its quantitative tightening plan [1][2] - There is a growing optimism in the long-term bond market, highlighting the significant role of supply concerns in recent sell-offs, despite ongoing worries about rising fiscal deficits [2] Group 2 - Strong economic growth globally is alleviating concerns about fiscal deficits and prompting investors to reconsider long-term interest rate trends, with recommendations for Australian investors to adopt positions that benefit from a flattening yield curve [3] - The Bloomberg Global Aggregate Index indicates that bets on long-term bonds are starting to pay off, with 10-year and longer bonds returning 0.7% this month, outperforming shorter-term bonds [6] - Recent auctions show strong demand for long-term bonds, with Japan's 40-year bonds seeing enthusiastic buying and the strongest demand for 20-year bonds since 2020 [6]

智通财经5月30日电，澳大利亚10年期国债收益率跌幅扩大至11个基点，之前公布了疲软数据。 ...

特朗普关税措施被叫停后，主要政府债券下跌 金十数据5月29日讯，美国联邦贸易法院驳回特朗普的全球关税，可能刺激了资金逃离主权债务等避险 资产，导致主要政府债券价格下跌。10年期日本国债收益率上升1个基点，至1.525%；美国10年期国债 收益率上升4个基点，至4.5186%；澳大利亚10年期国债收益率上升4个基点，至4.3740% ...

澳大利亚10年期国债收益率涨7个基点，报4.55%。 ...

Core Viewpoint - The latest auction results for U.S. Treasury bonds indicate a significant decline in overseas investor demand, marking a new low since the Silicon Valley Bank crisis, which increases the pressure on U.S. Treasury sales and suggests a restructuring of the international safe-haven asset landscape [1][2]. Group 1: Auction Results - The recent auction of $69 billion two-year U.S. Treasury bonds had a bid rate of 3.795%, the lowest since September of the previous year, with a tail of 0.6 basis points and a bid-to-cover ratio of 2.52, below recent averages [2]. - Domestic demand remains strong, with direct bidders accounting for 30.1%, while indirect bidders, representing overseas demand, fell to 56.2%, the lowest since the Silicon Valley Bank crisis [2][4]. Group 2: Market Implications - Analysts suggest that if overseas participation in Treasury auctions declines by another 10-20%, the Federal Reserve may have no choice but to restart quantitative easing and position itself as the "last buyer" of U.S. Treasuries [4]. - The recent sell-off of dollar assets is leading to a reconfiguration of traditional safe-haven assets, with gold and non-U.S. bonds gaining attention as investors shift away from U.S. Treasuries [5][8]. Group 3: Global Asset Allocation - The volatility in U.S. Treasury yields is expected to increase pricing pressure on global sovereign debt markets and reshape global asset allocation, enhancing the monetary and safe-haven attributes of gold [8]. - Emerging market bonds are also gaining popularity, with India's 10-year benchmark yield dropping to 6.2981%, the lowest since November 2021, and Australian 10-year yields remaining low since early April [8][9]. Group 4: Domestic Market Outlook - In the context of high international market volatility, the value of Chinese assets is becoming increasingly significant, with expectations of a stable A-share market and potential appreciation of the RMB due to domestic economic resilience [9].