The median yield for today's 3 year bond was 4.67% pa and that was up from 4.60% a month ago. They left its global growth forecast steady at 3% for 2023 but cut its forecast for 2024 to 2.9% compared to 3% made in July. Also, the expectations for global inflation were revised higher to 6.9% in 2023 from 6.8% and to 5.8% from 5.2% in 2024. Their 3 mth-10yr curve inversion is deeper by -3 bps today at -79 bps. The Australian 10 year bond yield is now at 4.45% and unchanged from yesterday.

Source: Stuff October 11, 2023 01:06 UTC