Australian bonds traded a little firmer on Thursday following firmness in the U.S. Treasuries after Federal Open Market Committee toned cautious about inflation in its October 31-November 1 monetary policy meeting minutes.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 1 basis point to 2.525 percent, the yield on the long-term 30-year note dipped 1 basis point to 3.265 percent and the yield on short-term 2-year fell 1 basis point to 1.777 percent by 02:10 GMT.
In the United States, Treasuries pushed higher across the curve overnight during a relatively quiet session ahead of the Thanksgiving holiday. Overall, Treasuries found support early on from weaker than expected durable goods orders data for October, opening last quarter of 2017 on relatively weak footing, ultimately reaching session highs in the wake of the FOMC minutes release which showed a mixed of concerns ranging from dampened inflation (weighing on December rate hike prospects) to fears of growing financial imbalances (remaining supportive of the Fed staying on course to deliver gradual further tightening).
Moreover, the bond prices are still receiving support from the little dovish Reserve Bank of Australia quarterly statement released on November 10, where the RBA downgraded its own inflation forecasts.
Meanwhile, the S&P/ASX 200 index traded 0.25 percent lower at 5,995.5 by 02:10 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index is neutral at -15.76 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/inve


Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike
South Korea Warns Weak Won Could Push Inflation Higher in 2025 



