Economy dashboard · Interest rates & credit
As at 13 October 2026 · official data unless labelled
10-year government bond yield
5.32%Above its 10-year average▲ 0.26 ptsSeptember 2026vs 10-year average 2.95%
What the numbers are telling us
10-year government bond yield was 5.32% in September 2026, up 0.26 pts on the previous reading (5.06%).
It is above its 10-year average of 2.95%.
Why it matters
Long-term borrowing costs, set by markets; they carry expectations for growth, inflation and global rates.
What it should be
There is no official target for this measure, so it is judged against its own 10-year average of 2.95%: a higher or lower reading is not in itself better or worse.
10-year yield: the last 60 readings
10-year government bond yield, 2021-10 to 2026-09
Every figure on this page is calculated from the stored official series (RBA, F17 10y zero-coupon); the summary is written from the numbers, not edited by hand.