China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Stocks Rally on Ceasefire Hopes and Bargain Buying 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
U.S. Natural Gas Market Faces Short-Term Pressure but Long-Term Demand Surge 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears 
Australian government bonds gained on first trading day of the week Monday following a drop in U.S. Treasury yield. Markets also await the Reserve Bank of Australia (RBA) May meeting minutes scheduled for this week.
The yield on Australia’s benchmark 10-year Note, which moves inversely to its price, fell 2 basis points to 2.772 percent, the yield on the long-term 30-year Note also dipped 4 basis points to 3.263 percent and the yield on short-term 2-year down 2 basis points to 2.007 percent by 03:30 GMT.
In the United States, Treasuries were little changed to finish off the week on Friday during a relatively quiet session light on data of great significance. With respect to data, markets were largely limited to import prices, increasing +0.3 percent m/m, +3.3 percent y/y in April and University of Michigan consumer sentiment holding unchanged at 98.8 in May.
In terms of Fed speakers, markets received commentary from St. Louis Fed President Bullard (non-voter) that indicated he saw it as unnecessary to press policy normalization to the point of inverting the yield curve since inflation and inflation expectations are either at or below target. This is not particularly new or shocking commentary from Bullard, who has reiterated this position since the dawn of time.
Markets in the U.S. now look ahead to a lighter flow of data in the week ahead, highlighted largely by retail sales data on Tuesday and housing starts/building permits on Wednesday. Additionally, markets receive a 10Yr TIPS auction on Thursday.
Meanwhile, the S&P/ASX 200 index traded 0.37 percent higher at 6,126.5 by 03:50 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at 36.78 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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