Australia 10-Year Bond Yield Edges Down
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Australia’s 10-year government bond yield decreased to 4.31%, reflecting ongoing challenges in the industrial sector. Despite a rise in the Ai Group Industry Index in April, it has remained in contraction for 33 months, impacted by trade and election uncertainties. This situation has led to expectations of a 25bps cut in the Reserve Bank of Australia's cash rate to 3.85% in the upcoming meeting. Additionally, U.S. and Chinese officials are set to engage in talks in Switzerland to address trade tensions.
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