Australia’s 10-year government bond yield fell to around 4.72%, moving back toward its four-week low, as markets assessed risks from renewed tariff tensions. President Donald Trump announced that global tariffs will rise from 10% to 15% after the Supreme Court struck down much of his earlier trade measures. Australian Trade Minister Don Farrell said Sunday he is coordinating with the Washington embassy to assess the impact and explore all options. Limiting further downside was a hawkish RBA outlook, with recent strong jobs data and elevated Q4 wage growth reinforced the central bank’s view that the economy can absorb tighter policy without layoffs, signaling ongoing labor-market tightness and sustained inflation pressures. This follows the RBA’s decision to hike earlier this month. Investors are now turning to January inflation data, due later this week for further guidance.
