Australia 3 year bond yield drops under the RBA cash rate
The Reserve Bank of Australia crash ate is 1.5%.
3 year government bonds here in Oz now yielding below that
- First time since 2016
The cash rate at the start of 2016 was 2%, was cut 25bps in May and August of that year.
Falling yields as markets become more convinced of RBA rate cuts to come this year.