Australian government bonds open lower as rising oil prices fuel traders' bets on inflation risks
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Australia's three-year government bond yield rose by 9.12 basis points, trading at 4.5161% in early Sydney session. The cumulative increase over the past three trading days has expanded to more than 21 basis points, approaching the peak of 4.5210% on July 28, 2011, 5.0330% on October 3, 2008, and 7.06% on June 10, 2008.
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