Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise 
UK Wage Growth Slows as BoE Rate Decision Looms 
Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing 
Vietnam, U.S. Firms Plan 29 Deals Across Energy, Tech and Aviation 
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision 
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
China’s Slower Loan Growth Becomes ‘New Normal’ as Credit Demand Weakens 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
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The Australian bonds slumped during Asian session of the last trading day of the week Friday after the country’s retail sales for the month of November topped market expectations, rising from the prior reading in October as well amid an otherwise muted trading session that witnessed data of little economic significance.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.242 percent, the yield on the long-term 30-year bond slipped 1/2 basis point to 1.858 percent and the yield on short-term 2-year gained nearly 1 basis point to 0.808 percent by 02:30GMT.
News that Chinese Vice Premier Liu He would travel to Washington next week to sign the Phase one trade deal sent risk sentiments higher. US President Trump also said Phase two talks will start right away, OCBC Treasury Research reported.
The S&P500 closed at a record high while the WTI crude oil price ended below $60 per barrel. Further, US initial jobless claims also dipped 9k to 224k, suggesting the US labour market remains healthy despite cooling in recent months and Fed’s Clarida opined that the 2019 rate cuts were “well timed” but monetary policy is now “in a good place” for 2020, the report added.
Meanwhile, the S&P/ASX 200 index traded tad 0.52 percent higher at 6,866.50 by 02:35GMT.
