Australian government bonds jumped during Asian session of the second trading day of the week Tuesday amid a muted session that barely witnessed data of any major economic significance as investors wait to watch the country’s consumer price inflation (CPI) for the second quarter of this year, scheduled to be released on July 31 by 07:00GMT.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, remained tad lower at 1.208 percent, the yield on the long-term 30-year bond plunged slipped nearly 1 basis point to 1.870 percent and the yield on short-term 2-year hovered around 0.853 percent by 05:40GMT.
Wall Street ended mixed yesterday as tech stocks softened and the 10-year UST bond yield fell slightly to 2.06 percent as investors were side-lined ahead of the US-China trade talks and the BOJ meeting today, as well as the upcoming FOMC rate decision and Friday’s US labour market report, OCBC Treasury Research reported.
Meanwhile, the S&P/ASX 200 index remained tad 0.13 percent lower at 6,783.50 by 05:45GMT.


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