Australia’s 10-year Treasury yields drop to 14-week low after RBA’s rate hike – by anilpanchal7 Australia YieldCurve RBA Recession China
RBA’s rate hike fails to impress Aussie bulls amid indecision over the next move.Australian bond markets cheer the Reserve Bank of Australia’s
It’s worth noting that US House Secretary Nancy Pelosi’s visit to Taiwan and the likely hardships for Chinese chipmakers due to the American consideration of limiting shipments of American chipmaking equipment also weigh on the market sentiment and the Aussie treasury yields. On the same line could be the news from a Chinese media report suggesting the dragon nation’s readiness for a military drill in Bohai, South China Sea.
Moving on, Friday’s RBA Rate Statement will be crucial as traders remain unconvinced of the Aussie central bank’s latest moves. Additionally, monthly prints of the US employment data, up for publishing on Friday, will also be crucial to watch for clear directions. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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