Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Fears 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
The U.S. Treasuries remained on the side-lines during Tuesday’s afternoon session amid a relatively quiet day ahead of FOMC member Williams’ speech, scheduled to be delivered today by 14:00GMT.
However, the country’s building permits and housing starts for the month of October are scheduled to be released today by 13:30GMT, which shall add direction to the debt market.
The yield on the benchmark 10-year Treasury yield jumped nearly 2 basis points to 1.826 percent, the super-long 30-year bond yield gained 1 basis point to 2.305 percent and the yield on the short-term 2-year surged 3 basis points to 1.621 percent by 11:30GMT.
Fed’s Mester, who had dissented against all three rate cuts this year, opined that “policy is now well calibrated to the economy” and “we’re in a good spot”, suggesting that the central bank is now effectively on hold. Meanwhile, Rosengren warned that “I wouldn’t want to distort financial markets to get that outcome” of inflation above 2 percent, OCBC Treasury reported.
Meanwhile, the S&P 500 Futures remained tad 0.26 percent higher at 3,129.88 by 11:35GMT.
