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Australian bonds narrowly mixed ahead of June employment report amid muted trading hours
Australian government bonds remained narrowly mixed during Asian session Wednesday amid a muted trading session that witnessed data of little economic significance ahead of the country’s employment report for the month of June, scheduled to be released on July 18 by 07:00GMT.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, traded tad higher at 1.402 percent, the yield on the long-term 30-year bond remained flat at 2.054 percent and the yield on short-term 2-year slipped 1 basis point to 0.950 percent by 05:40GMT.
US President Donald Trump again threatened China with more tariffs “if we want” amid his ongoing disappointment at the extent of Chinese purchases of agricultural goods, OCBC Treasury Research reported.
This contributed to a wobble in risk appetite and also Wall Street, whilst UST bonds also recovered slightly after Fed’s Kaplan opined that a “tactical adjustment” in rates was possible, with the 10-year UST bond yield at 2.11 percent, even though US economic data releases came in above expectations, the report added.
Meanwhile, the S&P/ASX 200 index remained tad 0.54 percent higher at 6,605.50 by 05:45GMT
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