Gold Prices Pull Back After Record Highs as January Rally Remains Strong 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
The Australian government bonds continued to down trend during Asian session Wednesday tracking a similar movement in the United States’ Treasuries after optimism struck over the U.S.-China trade deal, urging investors to shift towards riskier assets.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped 3-1/2 basis points to 1.251 percent, the yield on the long-term 30-year bond surged 3 basis points to 1.826 percent while the yield on short-term 2-year remained flat at 0.897 percent by 03:30GMT.
Market sentiment has turned a bit more tentative on latest trade war news. China is reportedly insisting on a rollback of existing US tariffs, rather than just a cancellation of new tariffs, as the price for signing any Phase 1 deal with the US, according to Global Times editor Hu Xijin, who has positioned himself as the unofficial spokesperson for the authorities. One way to look at it is that it is merely a negotiating tactic by China, OCBC Treasury Research reported.
"The USD/CNH was suppressed to levels south of 6.9900, before rebounding to close just above the 7.0000 mark, on the back of further Sino-US positivity. Overnight USD resilience may impart some upside pressure on USD/Asia today. However, given the lead from USD/CNH (and a stronger than expected USD/CNY fix), any upside in USD-Asia should be limited," OCBC commented in a separate report.
Meanwhile, the S&P/ASX 200 index slipped -0.22 percent to 6,653.50 by 03:35GMT.
