Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
New Zealand government bonds slumped at the time of closing Tuesday as investors wooed away from safe-haven buying ahead of the country’s GlobalDairyTrade (GDT) price auction, scheduled to be held on Mach 6 for further direction in the debt market.
Also, the downside movement in the U.S. Treasuries in the overnight session added to further sluggishness in the bond market.
At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, jumped 5-1/2 basis points to 3.04 percent, the yield on 20-year surged 6 basis points to 3.56 percent and the yield on short-term 2-year closed 3 basis points higher at 1.96 percent.
Discord over the US President Donald Trump’s plan to impose tariffs on steel and aluminum imports have arisen, with House Speaker Paul Ryan rejecting the plan which in turn evoked a quick response from Trump that “No, we’re not backing down”.
Trump had also tweeted that “tariffs on steel and aluminum will only come off if new & fair NAFTA agreement is signed”. House Republicans are already drafting a letter to Trump expressing concerns about the prospect of broad, global tariffs on aluminum and steel imports
Lingering doubts about New Zealand supply conditions helped drive dairy prices sharply higher at the latest GDT auction, with the GDT price index gaining 5.9 percent since the last sale in mid-January.
Lastly, Fonterra has said that it expects production to fall by 3 percent over this season, compared with last, due to drought in parts of the country.
Meanwhile, the NZX 50 index closed 0.58 percent higher at 8,327.66, while at 05:00GMT, the FxWirePro's Hourly NZD Strength Index remained neutral at 20.72 (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
