周三，澳大利亚10年期政府债券收益率攀升至4.5%以上，达到一个多月来的最高水平，此前公布的工资通胀数据强于预期。第一季度的年薪增长率从上一季度的3.2%上升到3.4%，超过了3.2%的预期。在下周的政策会议之前，工资增长的强劲给澳大利亚储备银行带来了压力，使人们对一些经济学家预测的大幅降息50个基点的可能性产生了怀疑。尽管如此，投资者仍对25个基点的小幅降息保持完全定价。国内收益率也受到风险情绪改善的支撑，因为美中贸易战的暂时停止缓解了对全球经济衰退的担忧。与此同时，在美国，低于预期的消费者通胀数据支持了美联储放松政策的理由。

Australia’s 10-year government bond yield climbed above 4.5% on Wednesday, reaching its highest level in more than a month, following stronger-than-expected wage inflation data. Annual pay growth rose to 3.4% in the first quarter from 3.2% in the previous quarter, topping forecasts of 3.2%. The strength of wage growth adds pressure on the Reserve Bank of Australia ahead of its policy meeting next week, casting doubt on the likelihood of a significant 50bps rate cut, which some economists have projected. Still, investors remain fully priced for a smaller 25bps cut. Domestic yields also received support from improving risk sentiment, as a temporary halt in the trade war between the US and China eased worries of a global recession. Meanwhile, in the US, softer-than-expected consumer inflation data bolstered the case for the Federal Reserve easing.