The Australian government bonds suffered during Asian session Friday tracking a similar movement in the U.S. Treasuries after a 7-year auction failed to draw sufficient investor demand amid signs of easing trade tensions between the U.S. and China.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, edged 1-1/2 basis points higher to 0.889 percent, the yield on the long-term 30-year bond rose 1 basis point to 1.479 percent while the yield on short-term 2-year remained flat at 0.724 percent by 04:55GMT.
Global risk sentiment improved on Thursday in hopes that the US and China will restart trade talks. China’s Commerce Ministry spokesperson said although China had ample countermeasures, China prefers to hold dialogue and would much rather focus on removing existing tariffs, OCBC Treasury Research reported.
Further, China also remains open to the previously planned face-to-face meeting in September. President Trump said later that trade talks are scheduled on Thursday at a different level.
Meanwhile, the S&P/ASX 200 index rose 0.72 percent to 6,572.50 by 05:00GMT.


Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 



