澳大利亚10年期政府债券收益率升至4.31%左右,在总理安东尼·阿尔巴内塞在联邦选举中获得第二个三年任期后达到两周高点。Albanese承诺成立一个“有纪律”的政府,专注于解决生活成本问题、全球贸易紧张局势,并重申对可再生能源、减税、住房和医疗保健投资的承诺。这些政策被视为可能增加通胀压力,这可能会限制储备银行降息的能力。与此同时,墨尔本研究所的月度通胀指标在4月份上涨了0.6%,较3月份的0.7%有所回落,但这是连续第二次上涨。投资者现在期待着澳大利亚储备银行5月份的政策会议,普遍预计将降息25个基点至3.85%。在通胀缓解和全球增长前景疲软的情况下,市场也预计到年底将进一步下降至2.85%。
Australia’s 10-year government bond yield rose to around 4.31%, reaching a two-week high after Prime Minister Anthony Albanese secured a second three-year term in the federal elections. Albanese pledged a "disciplined" government focused on addressing cost-of-living issues, global trade tensions, and reaffirmed commitments to renewable energy, tax cuts, housing, and healthcare investments. These policies are seen as potentially increasing inflationary pressures, which could limit the Reserve Bank’s ability to cut rates. Meanwhile, the Melbourne Institute’s Monthly Inflation Gauge rose 0.6% in April, easing from March’s 0.7% but marking a second consecutive increase. Investors are now looking ahead to the RBA’s May policy meeting, where a 25 bps rate cut to 3.85% is widely expected. Markets are also pricing in a further decline to 2.85% by year-end amid easing inflation and weaker global growth prospects.