Will labour and consumption push yields higher?

Monday 8th December 2025

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It’s the RBA and the Fed this week. We know what to expect- the Fed is likely to cut rates, the RBA its likely to be on hold. We’re also expecting hawkish commentary, particularly from the RBA. NAB’s Ken Crompton talks through the impact on bond yields, with Aussies10 year yields up 1.37% over the last week. Bond yields in Japan have continued to rise on the expectation of a rate hike from the Bank of Japan, and in Canada after a sharp fall in the unemployment rate on Friday. 

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