Australia Reserve Bank's interest rate hike expectations rising, fear of increased selling of Australian government bonds.

According to the Securities Times app, the selling trend of Australian government bonds is expected to continue, as upcoming economic data may further prove the necessity for the Reserve Bank of Australia to adopt a tightening policy next year. On Tuesday, the yield on Australian 10-year government bonds rose to 4.61%, the highest level since January of this year. This movement is partly due to the global bond sell-off, but also reflects market expectations that Wednesday's GDP data will increase the likelihood of a rate hike - it is expected that Wednesday's data will show the fastest economic growth rate in Australia since 2023.