澳大利亚10年期政府债券收益率稳定在4.51%，投资者继续评估澳大利亚储备银行的货币政策前景。交易员目前预计，2月份4.35%的现金利率下调25个基点的可能性为78%，这意味着宽松周期相对较浅，总计仅75个基点。所有人的目光都集中在下周公布的第四季度通胀数据上，预计这将为澳大利亚储备银行降息立场提供关键见解。潜在通胀的降温将巩固人们对央行下个月放松政策的预期。在其他地方，市场参与者正在密切关注美国总统唐纳德·特朗普的经济政策，寻求进一步明确他的关税计划。

Australia’s 10-year government bond yield remained steady at 4.51% as investors continued to assess the Reserve Bank of Australia’s monetary policy outlook. Traders are currently pricing in a 78% probability of a 25bps cut in the 4.35% cash rate in February, implying a relatively shallow easing cycle totaling just 75bps. All eyes are now on the fourth-quarter inflation data set for release next week, which is expected to provide crucial insights into the RBA’s stance on interest rate cuts. A cooling in underlying inflation would cement expectations for the central bank to ease policy next month. Elsewhere, market participants are closely monitoring U.S. President Donald Trump’s economic policies, seeking greater clarity on his tariff plans.