HALISTER1: Aussie 10-Year Yield Extends Gains, Erasing Post-Brexit Losses

Aussie 10-Year Yield Extends Gains, Erasing Post-Brexit Losses

(Bloomberg) -- Yield rises 6 bps to 2.305%, extending Wednesday’s gains and erasing all losses since the Brexit vote in late June.
  • Selloff in 10-year note comes as Australia’s first auction of 30-year bonds raises a record A$7.6b
  • 10-year yield also breaks above 200-DMA for first time since April, putting in play a potential test of the downtrend in yields since 2013; see chart
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Source: BFW (Bloomberg First Word)

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