The Australian bonds rallied Wednesday tracking developments in the U.S. Treasuries. Also, the Reserve Bank of Australia (RBA) remained on hold at its monetary policy decision held yesterday.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 1/2 basis point to 2.61 percent, the yield on 12-year note also slipped 1/2 basis point to 2.76 percent and the yield on short-term 2-year traded 1-1/2 basis points lower at 1.70 percent by 04:10 GMT.
The RBA left the cash rate at a record low of 1.50 percent. There was additional information on the labor market, household borrowing and supervisory measures directed at housing lending in this statement compared with previously.
Meanwhile, the ASX 200 index traded 0.52 percent down at 5,841.50 by 04:20GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained highly bearish at -111.21 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness
Trump Questions USMCA Renewal as Trade Talks Continue
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 



