Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The Australian 10-year Treasury yields hit highest since April on Monday as investors moved away from safe-haven buying as the probability of a December rate hike by the Federal Reserve jumped to 84 percent.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose 7 basis points to 2.660 percent (highest since April), the yield on 15-year note jumped more than 8 basis points to 3.097 percent and the yield on short-term 2-year climbed 2-1/2 basis points to 1.757 percent by 04:50 GMT.
The Australian bonds have been closely following developments in the U.S. debt market. The United States benchmark 10-year Treasury yield bounced 8-1/2 basis points to 2.203 percent for the first time in 2016.
Also, a heavy sell-off in government bonds was supported by rising expectations that the U.S. President-elect Donald Trump's policies, such as fiscal expansion and protectionism on international trade, could support growth and inflation.
Last week, the United States Republican candidate Donald Trump pinned his victory against Democrat opponent Hillary Clinton in the 2016 presidential election. Investors again revised the outlook for US interest rates after Donald Trump's victory, with the probability of a December rate hike by the Federal Reserve going from as low as 30 percent to as high as 84 percent.
Also, the fall in the number of people opting for unemployment benefits has strengthened the probability of a December interest rate hike by the Federal Reserve.
Lastly, investors remain keen to focus on the upcoming November RBA meeting minutes, RBA Governor Lowe Speech and October unemployment rate on Friday.
Meanwhile, the benchmark Australia's S&P/ASX 200 index traded 0.27 percent lower to 5,340.5 by 04:50 GMT. While at 04:00 GMT, the FxWirePro's Hourly Australian Dollar Strength Index stood neutral at -30.63 (lower than the range of -75 for bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
