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Interest Rates•Series ID: FCMYGBAG10•1949–2026

10-Year Australian Government Bond Yield - Historical Data

Australia’s risk-free long-term interest rate benchmark, combining RBA Occasional Paper No. 8 (1949–1968), Historical F2 (1969–2013), and Table F2.1 (2013–2026).

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Current Statistics & Historical Records

Latest Reading (Sep 2026)
5.28%
Prev (Aug 2026): 5.01%+0.27 pp
Highest Recorded (Aug 1982)
16.50%

Early 1980s recession & drought

Lowest Recorded (Oct 2020)
0.80%

COVID-19 pandemic shock & 0.10% cash rate floor

Long-Run Mean (1949–2026)
6.63%

78 annual observations · Monthly

10-Year Australian Government Bond Yield - Historical Series (1949–2026)

% p.a.

Drag to pan, scroll to zoom, or toggle between full annual history (1949–2026) and recent monthly releases.

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Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (FCMYGBAG10) Latest: 5.28 % p.a. (Sep 2026)

10-Year Australian Government Bond Yield by Decade (1949–2026)

Decade averages, peaks, and troughs across Australian economic cycles

1940s1949–1949
3.19%
High (1949):3.19%
Low (1949):3.19%
1950s1950–1959
4.67%
High (1955):5.35%
Low (1950):3.53%
1960s1960–1969
5.08%
High (1969):5.84%
Low (1962):4.37%
1970s1970–1979
8.40%
High (1977):10.23%
Low (1972):5.83%
1980s1980–1989
13.45%
High (1982):15.38%
Low (1980):11.65%
1990s1990–1999
8.53%
High (1990):13.18%
Low (1998):5.49%
2000s2000–2009
5.65%
High (2000):6.31%
Low (2009):5.04%
2010s2010–2019
3.29%
High (2010):5.37%
Low (2019):1.50%
2020s2020–2026
3.29%
High (2026):4.94%
Low (2020):0.92%

10-Year Australian Government Bond Yield - Historical Table (1949–2026)

Unit: % p.a. · Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (FCMYGBAG10)

Download full CSV (78 rows) ↓
Year10-Year Bond Yield (% p.a.)Year Range (Low – High)Historical Context / Year Snapshot
20264.94%4.75% – 5.28% The Australian Economy in 2026 →
20254.37%4.21% – 4.72%Disinflation & monetary policy recalibration
20244.21%3.92% – 4.54% The Australian Economy in 2024 →
20233.94%3.34% – 4.63% The Australian Economy in 2023 →
20223.20%1.89% – 3.92%Post-pandemic inflation surge & rapid RBA tightening cycle
20211.48%1.05% – 1.81% The Australian Economy in 2021 →
20200.92%0.80% – 1.16%COVID-19 pandemic shock & 0.10% cash rate floor
20191.50%0.96% – 2.27% The Australian Economy in 2019 →
20182.68%2.43% – 2.85% The Australian Economy in 2018 →
20172.64%2.42% – 2.80% The Australian Economy in 2017 →
20162.34%1.89% – 2.80% The Australian Economy in 2016 →
20152.72%2.41% – 2.98% The Australian Economy in 2015 →
20143.66%2.96% – 4.16% The Australian Economy in 2014 →
20133.72%3.25% – 4.26% The Australian Economy in 2013 →
20123.38%2.89% – 4.15% The Australian Economy in 2012 →
20114.88%3.83% – 5.61%China mining investment & Terms of Trade supercycle peak
20105.37%4.97% – 5.79% The Australian Economy in 2010 →
20095.04%4.09% – 5.56% The Australian Economy in 2009 →
20085.82%4.22% – 6.59%Global Financial Crisis (GFC) & emergency rate cuts
20075.99%5.74% – 6.21% The Australian Economy in 2007 →
20065.59%5.20% – 5.83% The Australian Economy in 2006 →
20055.34%5.14% – 5.65% The Australian Economy in 2005 →
20045.59%5.23% – 5.96% The Australian Economy in 2004 →
20035.37%4.80% – 5.87% The Australian Economy in 2003 →
20025.84%5.39% – 6.31% The Australian Economy in 2002 →
20015.62%5.13% – 6.09% The Australian Economy in 2001 →
20006.31%5.54% – 7.18%Introduction of the 10% Goods and Services Tax (GST)
19996.01%5.13% – 6.74% The Australian Economy in 1999 →
19985.49%4.86% – 5.89% The Australian Economy in 1998 →
19976.95%6.03% – 7.92% The Australian Economy in 1997 →
19968.21%7.16% – 8.93% The Australian Economy in 1996 →
19959.21%8.26% – 10.34% The Australian Economy in 1995 →
19949.04%6.36% – 10.51% The Australian Economy in 1994 →
19937.28%6.49% – 8.60%RBA formalises 2–3% inflation targeting
19929.22%8.30% – 10.11% The Australian Economy in 1992 →
199110.69%9.39% – 11.53%Early 1990s recession ("The recession we had to have")
199013.18%12.07% – 13.78%Monetary tightening peak (17.5% Cash Rate)
198913.41%12.90% – 13.90% The Australian Economy in 1989 →
198812.10%11.50% – 12.95% The Australian Economy in 1988 →
198713.19%12.50% – 14.00%October 1987 sharemarket crash
198613.42%12.25% – 14.20% The Australian Economy in 1986 →
198513.95%13.10% – 15.05% The Australian Economy in 1985 →
198413.53%12.80% – 14.15% The Australian Economy in 1984 →
198313.89%13.00% – 14.80%Float of the Australian Dollar & Prices and Incomes Accord
198215.38%14.00% – 16.50%Early 1980s recession & drought
198113.96%13.10% – 15.00% The Australian Economy in 1981 →
198011.65%10.45% – 12.60% The Australian Economy in 1980 →
19799.75%8.85% – 10.08% The Australian Economy in 1979 →
19789.06%8.80% – 9.36% The Australian Economy in 1978 →
197710.23%9.50% – 10.41% The Australian Economy in 1977 →
197610.03%9.98% – 10.41% The Australian Economy in 1976 →
19759.74%9.40% – 10.00% The Australian Economy in 1975 →
19749.04%8.36% – 9.52%1974 wage explosion & stagflation peak
19736.93%5.69% – 8.38%First OPEC oil shock
19725.83%5.75% – 6.14% The Australian Economy in 1972 →
19716.71%6.15% – 6.85% The Australian Economy in 1971 →
19706.65%5.95% – 6.94% The Australian Economy in 1970 →
19695.84%5.79% – 5.95% The Australian Economy in 1969 →
19685.35%5.35% The Australian Economy in 1968 →
19675.11%5.11% The Australian Economy in 1967 →
19665.03%5.03%Decimal currency transition (£ to AUD)
19655.17%5.17% The Australian Economy in 1965 →
19645.15%5.15% The Australian Economy in 1964 →
19634.58%4.58% The Australian Economy in 1963 →
19624.37%4.37% The Australian Economy in 1962 →
19614.81%4.81%Menzies credit squeeze
19605.38%5.38% The Australian Economy in 1960 →
19594.88%4.88% The Australian Economy in 1959 →
19584.88%4.88% The Australian Economy in 1958 →
19574.85%4.85% The Australian Economy in 1957 →
19565.08%5.08% The Australian Economy in 1956 →
19555.35%5.35% The Australian Economy in 1955 →
19544.57%4.57% The Australian Economy in 1954 →
19534.46%4.46% The Australian Economy in 1953 →
19524.50%4.50% The Australian Economy in 1952 →
19514.60%4.60%Korean War wool price boom & inflation spike
19503.53%3.53% The Australian Economy in 1950 →
19493.19%3.19%-

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 Compare 10-Year Bond Yield against another indicator →

Source Information & Methodology

Primary Institution:
Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS)
Dataset / Publication:
Capital Market Yields - 10-Year Australian Government Bond
Series / Table ID:
RBA Statistical Table F2.1 (FCMYGBAG10)
Release Frequency:
Monthly
Licence:
CC BY 4.0 International / RBA Terms

• Primary source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) - Capital Market Yields - 10-Year Australian Government Bond (RBA Statistical Table F2.1).

• Observation frequency: Monthly. Annual table values represent calendar year averages.

• Series coverage spans 1949 to 2026 (78 annual observations).

APA Citation:Reserve Bank of Australia & Australian Bureau of Statistics. (2026). Capital Market Yields - 10-Year Australian Government Bond (F2.1: FCMYGBAG10). Retrieved October 2026 from https://www.rba.gov.au/statistics/tables/

Frequently Asked Questions: 10-Year Australian Government Bond Yield

What is the current 10-Year Australian Government Bond Yield?
As of Sep 2026, the latest recorded 10-Year Australian Government Bond Yield is 5.28 (% p.a.), compared with 5.01 in Aug 2026.
What is the highest and lowest 10-Year Australian Government Bond Yield ever recorded in Australia?
Across the historical series (1949–2026), the highest observation was 16.5 (% p.a.) in Aug 1982, while the lowest was 0.8 (% p.a.) in Oct 2020. The long-run historical average is 6.63.
Where is the official 10-Year Australian Government Bond Yield data sourced from?
This series is compiled from Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (Capital Market Yields - 10-Year Australian Government Bond, Series ID: FCMYGBAG10) and is updated on a monthly basis under CC BY 4.0 International / RBA Terms.