BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation 
Yemen Fighting Threatens Red Sea Oil Routes 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Iran Economic Crisis Forces Afghan Families to Return Home 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision 
Oil Prices Fall as U.S. Crude Inventories Rise, Middle East Risks Persist 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
UK Wage Growth Slows as BoE Rate Decision Looms 
Add as a preferred source on Google
Australian government bonds surged during Asian session of the second trading day of the week Tuesday, tracking a similar movement in the United States Treasuries as investors shifted their interests towards safe-haven assets amid ongoing global economic and political worries.
Investors will now eye the country’s labour market report, scheduled to be released on August 15 by 01:30GMT.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped nearly 3 basis points to 0.943 percent, the yield on the long-term 30-year bond plunged 5 basis points to 1.579 percent and the yield on short-term 2-year traded flat at 0.736 percent by 04:50GMT.
Risk off sentiments continued to prevail yesterday amid concerns over the prolonged US-China trade war, political concerns in Argentina after President Macri’s rout in weekend primary elections, and the disruption to Hong Kong airport’s flight services, OCBC Treasury Research reported.
Further, Australia’s ANZ-Roy Morgan consumer confidence fell marginally by 0.3 percent last week, consolidating at an above average level.
Meanwhile, the S&P/ASX 200 index remained flat at 6,496.50 by 04:55GMT.
