Dollar Hits Three-Month High as US Treasury Yields Surge 
Australia Trade Surplus Shrinks Sharply as Imports Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Stocks Rise as Chipmakers Rally on Micron Earnings 
US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds 
Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets 
Asian Currencies Mixed as Yen Slides on BOJ Rate Signals 
US Treasury Bond Buybacks Fall Short Despite Expanded $6 Billion Cap 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
Add as a preferred source on Google
The Australian 10-year government bond yields dived to over 5-month low Wednesday on rising global tensions and geopolitical uncertainties amid losses in riskier assets.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, plunged 4-1/2 basis points to 2.45 percent, the yield on 15-year note also slumped 4-1/2 basis points to 2.85 percent and the yield on short-term 2-year traded nearly 4 basis points lower at 1.60 percent by 04:50 GMT.
Asian risk markets traded defensively this morning after broadening geopolitical concerns and disappointing US quarterly results weighed on investor sentiment overnight. Wall Street gave up some of Monday's gains as the S&P 500 posted its fourth decline in five sessions with a daily slippage of 0.29 percent. The Dow Jones and Nasdaq Composite fell 0.55 percent and 0.12 percent, respectively.
Treasuries benefited from geopolitical uncertainty as sabre rattling over the Korean peninsula and France's first round presidential vote this Sunday underpinned safe-haven demand, Nasdaq reported.
Meanwhile, the ASX 200 index traded 0.12 percent down at 5,782.50 by 04:30GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained slightly bearish at -80.77 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
