Fixed Income:
During Asian trading hours, the yield on the benchmark 10-year Treasury notes slightly declined by 1.4 basis points to 4.326%, following a recent peak of 4.348% on Monday, marking a three-week high.
Equities:
Japanese shares, in line with regional markets, experienced a decline on Tuesday, as Bank of Japan put an end to eight years of negative interest rates and initiate the country’s first policy tightening since 2007.
The MSCI’s broadest index of Asia-Pacific shares outside Japan fell by 0.7%, with China stocks also slipping.
Hong Kong’s Hang Seng index dropped over 1%, while blue-chip shares eased by 0.3%.
Forex:
Elevated treasury yields contributed to a boost in the dollar, leading its index to touch a two-week high of 103.67.
The Australian dollar weakened by 0.21% to nearly two-week lows of $0.6546 ahead of a significant decision, marking a 4% decline against the U.S. dollar this year.
Commodities:
Spot gold was last recorded at $2,159.10 per ounce. U.S. crude experienced a slight decline of 0.13% to $82.61 per barrel, while Brent crude stood at $86.81, down by 0.09% on the day.
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