Australian government bond yields have risen to their highest level since 2011.

BlockBeats news, September 11th - U.S. Treasuries suffered a sharp sell-off overnight, dragging Australian government bonds lower, as escalating tensions in the Middle East pushed oil prices higher.

The yield on Australia's 3-year government bonds surged by as much as 18 basis points to 5.03%, while the yield on 10-year government bonds jumped 13 basis points to 5.38%, both hitting their highest levels since May 2011.