Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Oil Prices Climb in Asian Trade as Venezuela Sanctions and Middle East Tensions Fuel Risk Premium 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
The Australian bonds slumped Wednesday, tracking firmness in the U.S. Treasuries after the overnight 3-year note auction showed up strongly. Markets will now look forward to the Reserve Bank of Australia (RBA) Governor Philip Lowe’s speech, scheduled to be held on August 10 for further direction in the bond market.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, jumped 1-1/2 basis points to 2.65 percent, the yield on the 15-year note climbed 1 basis point to 2.94 percent while the yield on short-term 2-year hovered around 1.79 percent by 03:20 GMT.
U.S. Treasury yields rose on Tuesday, bolstered by strong demand for three-year notes in an overall quiet market as investors awaited the sale of more debt securities this week and the expected reduction of the Federal Reserve's balance sheet next month. The note auction showed up a high yield of 1.520 percent, compared with market expectations of 1.530 percent at the bid deadline.
Bids totalled USD75.1 billion for a 3.13 bid-to-cover ratio, up from last month's 2.87. The 3.13 cover was the highest since October 2015. Indirect bidders, consisting of foreign central banks, took a robust 64.1 percent, higher than the 52.6 percent demand from July's auction.
Meanwhile, the S&P/ASX 200 index traded 0.60 percent higher at 5,715.50 by 03:20 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at -42.97 (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
