The Zhitong Finance App learned that the sell-off trend of Australian treasury bonds will continue, as the upcoming economic data may further prove the need for the Reserve Bank of Australia to adopt an austerity policy next year. On Tuesday, the yield on Australia's 10-year treasury bonds rose to 4.61%, the highest level since January this year. This change is partly due to a wave of global bond sell-offs, but it also reflects market expectations that the GDP data released on Wednesday will increase the probability of interest rate hikes — data on Wednesday is expected to show Australia's third-quarter economic growth rate the fastest since 2023.

The Zhitong Finance App learned that the sell-off trend of Australian treasury bonds will continue, as the upcoming economic data may further prove the need for the Reserve Bank of Australia to adopt an austerity policy next year. On Tuesday, the yield on Australia's 10-year treasury bonds rose to 4.61%, the highest level since January this year. This change is partly due to a wave of global bond sell-offs, but it also reflects market expectations that the GDP data released on Wednesday will increase the probability of interest rate hikes — data on Wednesday is expected to show Australia's third-quarter economic growth rate the fastest since 2023.