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The Australian bonds gained slightly during Asian session of the second trading day of the week Tuesday despite a fall in the United States’ Treasuries in the overnight session amid slowdown in the Iranian tensions.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.216 percent, the yield on the long-term 30-year bond gained nearly 1-1/2 basis points to 1.845 percent and the yield on short-term 2-year suffered 1 basis point to 0.794 percent by 02:55GMT.
Risk aversion subsided overnight as investors shrugged off Iranian tensions. S&P500 staged a modest overnight recovery, led by tech stocks, while the UST bonds yield curve flattened with the 10-year bond yield at 1.81 percent, and gold prices was little changed. News about the repositioning of US forces in Iraq was dismissed as a draft that should never have been circulated.
Meanwhile, the S&P/ASX 200 index traded nearly 1 percent higher at 6,755.00 by 03:00GMT.
