Regulatory Series on Cryptocurrencies: US SEC Hammers Lobbyist CEO of AML Bitcoin With Fraudulent ICO Project
Australian bonds slightly gain in muted session ahead of November meeting minutes
The Australian bonds slightly gained during Asian session of the first trading day of the week Monday amid a muted day that witnessed data of little economic significance ahead of the Reserve Bank of Australia’s (RBA) November monetary policy meeting minutes, scheduled to be released on November 19 by 00:30GMT.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, edged tad 1/2 basis point down to 1.155 percent, the yield on the long-term 30-year bond suffered 2-1/2basis points to 1.768 percent and the yield on short-term 2-year slipped 1 basis point to 0.794 percent by 04:40GMT.
Global risk appetite remained buoyant on Friday on hopes of a US-China trade deal as White House advisor Kudlow suggested progress in trade negotiations, OCBC Treasury Research reported.
"Positive risk sentiment should prevail at the start of this week, but with the Sino-US front still fluid, the USD/JPY and AUD/USD may not out of the woods just yet. Elsewhere, we expect the EUR and GBP to stay supported for now," OCBC commented in a separate report.
Meanwhile, the S&P/ASX 200 index edged tad -0.48 percent down to 6,756.50 by 04:45GMT.