Story one of ten today, about five minutes for the lot
Australia's 10-year government bond rate jumped past 5.2%, its highest in more than 15 years.
Why it mattersRising bond yields signal major shifts in the global economy.
AustraliaAustralian homeowners with variable-rate mortgages will face higher repayments; savers may earn better returns on bonds and savings accounts.
✓ Claims checked against the source and corrected before publish. checked 2 d ago
Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.
Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.
Scott Bessent tripled his buyback offer from $2bn to $6bn, but yields still rose to 4.85%, the highest since 2007.
A sitting is ten stories, about five minutes, and then you are done for the day.
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