Global Interest Rates: Changes in global interest rates, especially in major economies like the US, affect the attractiveness of Australian bonds.

Australian Economic Growth: Stronger economic growth in Australia typically leads to higher interest rates and potentially lower bond prices.

Inflation Expectations: Rising inflation expectations tend to push bond yields higher, causing bond prices to fall.

RBA Monetary Policy: Decisions by the Reserve Bank of Australia (RBA) regarding interest rates directly impact bond yields and, consequently, TANN.AU's price.

Credit Spreads: Widening credit spreads, indicating increased risk aversion, can lower the price of corporate bonds held by the ETF.

Supply and Demand: General market sentiment and investor demand for fixed income assets influence the ETF's price.

Geopolitical Events: Global events can impact investor confidence and risk appetite, affecting bond prices.

Currency Fluctuations: Changes in the AUD/USD exchange rate can affect the attractiveness of Australian bonds to foreign investors.