India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
The Australian government bonds suffered during Asian trading session Wednesday tracking a similar movement in the United States’ Treasuries after hopes arose of a successful Brexit deal soon amid a calmer trade talk situation between the U.S. and China.
However, investors shall keep a close eye on Australia’s labour market report for the month of September, scheduled to be released on October 17 by 00:30GMT, for further direction in the debt market.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped 3-1/2 basis points to 1.048 percent, the yield on the long-term 30-year bond surged nearly 4 basis points to 1.636 percent and the yield on short-term 2-year traded nearly 2 basis points higher at 0.722 percent by 04:20GMT.
Brexit optimism prompted GBP higher on hopes that EU and UK leaders are closing in on a deal ahead of the EU Council meeting tomorrow. The S&P500 rallied to four-week highs overnight on earnings optimism led by JPMorgan and Johnson & Johnson, whilst UST bonds also skidded with the 2- and 10-year yields up to 1.62 percent and 1.77 percent respectively, OCBC Treasury Research reported.
However, global risk sentiments may be off to a shaky start today after the IMF downgraded its global growth forecast for the fifth straight time by 0.2 percentage point to 3 percent for 2019 and by 0.1 percentage point to 3.4 percent for 2020, citing the familiar trade tensions, the report added.
Meanwhile, the S&P/ASX 200 index traded tad 0.43 percent higher at 6,712.50 by 04:25GMT.
