Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
Australian government bonds gained on Wednesday as investors moved to safe-haven buying following heavy sell-off in the high yielding alternative assets like equities. Following this, the 10-year Note yield fell to its lowest in more than 3-months.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, fell nearly 7 basis points to 2.601 percent, the yield on the long-term 30-year note dipped 7-1/2 basis points to 3.184 percent and the yield on short-term 2-year slumped 5-1/2 basis points to 1.995 percent by 02:40 GMT.
In the United States, Treasuries found upward pressure Tuesday afternoon alongside a considerable sell-off in equities, largely attributed to weakness in tech stocks. All in all, the highlight of this action was the 10-year Note yields move back below the 2.80 percent mark, something that will surely provide a point of contention in the sessions ahead.
On the data front, markets received relatively solid support from both S&P CoreLogic Case-Shiller home prices and Conference Board consumer confidence data, despite an overall pullback for March, following considerable gains in February. Markets now look ahead to a lighter flow of data on Wednesday, highlighted by final fourth-quarter GDP revisions and pending sales releases, neither of which is likely to cause a significant stir, followed by a 7-year Note auction later in the session.
Meanwhile, the S&P/ASX 200 index traded 0.23 percent higher at 5,774.5 by 03:10 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained highly bearish at -105.27 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
