The Australian government bonds remained flat during Asian session of the last trading day of the week Friday amid otherwise muted hours that witnessed data of little economic significance.
However, market sentiments remained upbeat following the breakthrough Brexit deal, which will smoothen the roadmap to the final exit of Britain from the European Union.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.103 percent, the yield on the long-term 30-year bond also remained flat at 1.689 percent and the yield on short-term 2-year too traded steady at 0.770 percent by 05:45GMT.
Global risk sentiment improved after the breakthrough of Brexit deal and China’s confirmation on tentative trade truce brought the glass of risk sentiment half full, OCBC Treasury Research reported.
Further, a host of good earnings results from US companies bolstered market sentiment overnight as well, despite a weaker-than-expected industrial production data which came in at -0.4 percent m/m in September, showing signs of slump of automobile manufacturing due to GM strike, the report added.
Meanwhile, the S&P/ASX 200 index traded tad -0.63 percent down at 6,666.50 by 05:50GMT.


Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 



