Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Australian bonds surge ahead of RBA Governor Lowe’s speech

Australian government bonds surged during Asian session of the second trading day of the week Tuesday amid a muted trading session that witnessed data of little economic significance ahead of the Reserve Bank of Australia’s Governor Philip Lowe’s speech, scheduled to be held on July 25 by 03:05GMT.

The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped nearly 2 basis points to 1.321 percent, the yield on the long-term 30-year bond also suffered 2 basis points to 1.956 percent and the yield on short-term 2-year traded nearly flat at 0.957 percent by 04:40GMT.

Wall Street climbed yesterday as Halliburton’s Q2 profit beat analyst estimates, while the 10-year UST bond yield was little changed at 2.05 percent amid the lack of fresh market catalysts in the form of Fed rhetoric or important US economic data releases as market players are still anticipating the upcoming US corporate earnings and the ECB policy meeting later this week, OCBC Treasury Research reported.

Asian markets may trade with a slightly firmer tone this morning with US president Trump announcing that a deal to extend the debt ceiling has been struck. This may avert any possibility of another government shutdown or the US Treasury Department running out of cash, albeit the House has to approve the agreement this week and Senate needs to vote by next week, the report added.

Meanwhile, the S&P/ASX 200 index remained tad 0.27 percent higher at 6,657.50 by 04:45GMT.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 823437823437m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 823437823437m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 835257835257m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 823437823437m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 835257835257m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 823437823437m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 823437823437m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 823437823437m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.