The Australian government bonds slumped Tuesday after the Reserve Bank of Australia (RBA) maintained its benchmark cash rate on hold at its monetary policy meeting held today.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, jumped 3 basis points to 2.62 percent, the yield on 15-year note surged 4 basis points to 3.04 percent and the yield on short-term 2-year traded 1-1/2 basis points higher at 1.69 percent by 04:40 GMT.
The BA held its benchmark cash rate at a record low 1.5 percent as widely expected, but noting the housing market presents challenges to policy. All 65 economists polled by Reuters predicted the central bank would maintain the cash rate at 1.5 percent at Tuesday's meeting.
"Conditions in the housing market continue to vary considerably around the country," Governor Philip Lowe said in a statement.
Meanwhile, the ASX 200 index traded 0.35 percent down at 5,923.50 by 05:00GMT, and the FxWirePro's Hourly AUD Strength Index remained highly bullish at 133.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns
German Industry Employment Falls to Lowest Level in a Decade
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 



