The 3-Year Government Bond Yield series for Australia is a key macroeconomic indicator published daily by the national statistics authority or the Reserve Bank of Australia. It is available via the FXMacroData API at /api/v1/announcements/aud/gov_bond_3y.
Why FX traders watch it
Australia's 3-Year Government Bond Yield is monitored by the Reserve Bank of Australia when assessing the health of the economy and calibrating monetary policy. Surprises relative to consensus can move the aud in the short term.
How to interpret the data
A reading above market expectations typically signals stronger-than-anticipated conditions and is broadly supportive of the aud. A miss versus consensus can shift rate expectations and weigh on the aud.