Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
US Job Growth Seen Picking Up in July 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes 
Philippine GDP Growth Slows to 2.3% in Q2 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
Dollar Holds Near Six-Week Low as Yen Loses Momentum Ahead of U.S. Jobs Data 
The United Kingdom’s gilts slumped during European trading hours Tuesday amid a muted trading session that witnessed data of little economic significance ahead of a host of 2-tier economic data due for release through this week.
The yield on the benchmark 10-year gilts, jumped 3-1/2 basis points to 0.806 percent, the 30-year yield gained 1-1/2 basis points to 1.257 percent and the yield on the short-term 2-year gained nearly 2 basis points to 0.613 percent by 10:00GMT.
In the bond markets, while some local headlines of Iranian sabre-rattling (suggestions of ‘thirteen retaliation scenarios’ and a ‘historic nightmare’ for the US) have given some support in the past half hour, USTs are still little changed from yesterday’s US close (10-year yields a little less than 1.80 percent), Daiwa Capital Markets reported.
European government bonds have also opened a touch weaker ahead of this morning’s flash euro area inflation data, which are bound to report a jump at the end of last year. After last week’s significant downside surprise in the equivalent manufacturing survey, however, today’s principal data focus will be the US non-manufacturing ISM report, which are expected to report a pickup in December, the report added.
Meanwhile, the FTSE 100 remained nearly flat at 7,581.05 by 10:05GMT.
