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FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The Australian government bonds suffered during Asian trading session Friday tracking a similar movement in the United States Treasuries on burgeoning hopes of a trade deal amid softer demand at a 30-year auction.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, edged nearly 1 basis point higher to 1.165 percent, the yield on the long-term 30-year bond surged nearly 2 basis points to 1.768 percent while the yield on short-term 2-year hovered around 0.912 percent by 04:20GMT.
Global risk appetite were aided by ECB’s bazooka easing and market talk that Trump advisers are considering an interim China trade deal to delay tariffs in exchange for Chinese commitments on intellectual property and agricultural purchases, OCBC Treasury Research reported.
"In G10 space, expect the EUR/USD to be neutral in the near term as markets attempt to digest the ECB’s latest package of measures. Meanwhile, look for USD/JPY to continue its ascent as US yields recover while the likes of the AUD may derive implicit support on the back of expectations of ‘friendly’ Sino-US trade headlines in the coming weeks," OCBC Treasury Research commented in a separate report.
Meanwhile, the S&P/ASX 200 index slipped -0.10 percent to 6,664.50 by 04:30GMT.
