[MARKET UPDATE] Australian bond yields are pressured with the 10yr yield down about 10bps following recent soft data including yesterday's CPI print and a fall in Exports, and despite RBA's Hauser stating have likely seen the last rate cut in the cycle

Australian bond yields are pressured with the 10yr yield down about 10bps following recent soft data including yesterday's CPI print and a fall in Exports, and despite RBA's Hauser stating have likely seen the last rate cut in the cycle.

The decline in Australian 10-year bond yields by about 10 bps suggests a market reaction to softer economic data, particularly the recent CPI print and declining exports. This movement could reflect investor sentiment shifting toward caution, despite RBA statements indicating the potential end of rate cuts, implying rates may need to stay lower for longer to support growth.