周二，澳大利亚10年期政府债券收益率稳定在4.47%的一个月高点，这得益于美国和中国就降低相互关税90天达成协议后风险情绪的改善。世界两大经济体之间的贸易战暂时停止，缓解了人们对全球经济衰退的担忧。市场将贸易紧张局势的缓解解释为降低了国内大幅降息的紧迫性，现在意味着澳大利亚到年底的政策利率为3.25%，而几周前约为2.85%。尽管如此，交易员们仍对澳大利亚储备银行本月晚些时候降息25个基点的预期进行了充分定价。在国内新闻方面，5月份澳大利亚消费者信心上升，而4月份商业信心也有所改善，表明经济前景乐观。

Australia’s 10-year government bond yield held steady at a one-month high of 4.47% on Tuesday, supported by improved risk sentiment following an agreement between the U.S. and China to reduce mutual tariffs for 90 days. The temporary halt in the trade war between the world’s two largest economies eased worries of a global recession. Markets interpreted the easing of trade tensions as reducing the urgency for aggressive rate cuts domestically, and now implies an Australian policy rate of 3.25% by year-end compared to around 2.85% a couple of weeks ago. Still, traders remain fully priced for a 25bps rate cut from the Reserve Bank of Australia later this month. In domestic news, consumer confidence in Australia rose in May, while business sentiment also improved in April, suggesting an optimistic outlook for the economy.