The Australian government bonds suffered during Asian session of the first trading day of the week Monday as investors await the Reserve Bank of Australia’s (RBA) monetary policy meeting, scheduled to be held on October 1 by 04:30GMT for further direction in the debt market.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, climbed 1 basis point to 0.970 percent, the yield on the long-term 30-year bond also jumped nearly 2-1/2 basis points to 1.589 percent while the yield on short-term 2-year hovered around 0.738 percent by 04:10GMT.
Global risk sentiments may continue to waver amid the US-China trade tensions, especially with news reports suggesting that the Trump administration is considering delisting Chinese companies from US stock exchanges and other measures such as limiting government pension funds’ exposure to the Chinese market and capping Chinese companies included in stock indices managed by US firms, albeit the US Treasury responded to say it is not contemplating the first measure “at this time”, OCBC Treasury Research.
Wall Street closed lower on Friday with US-listed shares of China-based companies like Alibaba and Baidu taking a hit, while UST bonds rallied with yields lower by 2-3bps across the curve and the 10-year yield edging down to 1.68 percent, the report added.
Meanwhile, the S&P/ASX 200 index remained tad 0.37 percent higher at 6,706.50 by 04:15GMT.


Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls
Trump Unveils $3 Billion U.S. Critical Minerals Push
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 



