RBA Cash Rate v Australian 10-Bond Yields

Australian bond yields have surged over recent weeks as prices were hammered however a quick glance back over the last 30-years illustrates its hardly a dent in the prolonged bear market. We can see Australian 10-year bond yields settling back in the 2.5-3% region where they spent most of the last 5-years, making the dip under 1% simply a COVID aberration. Then we will see if inflation can be contained after many years of central banks pumping money into the economic system.