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Australian bonds gained on Wednesday after Australian senator Skye Kakoschke-Moore resigned from the Parliament after she was confirmed having dual citizen.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 2 basis points to 2.535 percent, the yield on the long-term 30-year note dipped 4 basis points to 3.294 percent and the yield on short-term 2-year fell 1/2 basis point to 1.786 percent by 02:20 GMT.
At a press conference in Adelaide on Wednesday, Kakoschke-Moore announced she had received advice from the UK Home Office on Friday, confirmed by a specialist barrister, that she had received British citizenship from her mother, who was born in Singapore in 1957, reported the Guardian.
On Tuesday, members of the Reserve Bank of Australia's Monetary Policy Board said that the outlook for the country's economy remained more or less on track, minutes from the bank's November 7 meeting revealed on Tuesday. The members acknowledged that gross domestic product has been slightly weaker than expected and while not dramatically so, it's likely to head off any discussion of a rate hike in the near term.
Also, the members noted that any further appreciation of the Australian dollar would complicate matters, weighing on both economic growth and the inflation forecast. At the meeting, the RBA decided to maintain its benchmark interest rate at a record low 1.50 percent.
In the United States, Treasuries saw a mixed performance on Tuesday during a relatively quiet session light on data of great significance.
Meanwhile, the S&P/ASX 200 index traded 0.18 percent higher at 6,002.5 by 02:20 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index is neutral at -17.75 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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