BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
US Job Growth Seen Picking Up in July 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
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.
