Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
New Zealand government bonds ended Thursday’s session on a softer note, tracking the similar trend in the U.S. counterpart after Chinese officials recommended halting purchases of U.S. Treasuries, in a bid to control the excessive bond-buying by the country, noted as the world’s largest holder of foreign-exchange reserves.
At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, rallied 1-1/2 basis points to 2.89 percent, the yield on 20-year also rose 1-1/2 basis points to 3.36 percent and the yield on short-term 2-year ended flat at 2.00 percent.
Benchmark yields in the US rose for the fifth day after officials in China reviewing the nation’s foreign-exchange holdings were said to have recommended slowing or halting purchases of Treasuries. The sentiment was already fragile earlier on Wednesday ahead of an issue of 10-year notes by the Treasury and a glut of supply from Europe.
China holds the world’s largest foreign-exchange reserves, at USD3.1 trillion, and regularly assesses its strategy for investing them. It isn’t clear whether the recommendations of the officials have been adopted, Livemint reported.
Meanwhile, the NZX 50 index closed 1.37 percent lower at 8,250.44; FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
