In bond markets, the yield on the two-year UK gilt, which tracks interest rate expectations and moves inversely to the price of the government debt security, dropped 25 bps to 5.083% .Germany's two-year bond yield dropped 7 bps to 3.179%. The 10-year yield, a benchmark for debt costs in the Euro-zone, fell 5 bps to 2.35% .
Euro-zone bonds also benefited from comments by European Central Bank governing council member Klaas Knot on Tuesday that rate"This is perhaps the first time a known hawk within the ECB has backed the market’s view that we’re close to the end of the hiking cycle in Europe," said Chris Weston, head of research at broker Pepperstone in Melbourne.Futures trading indicated Wall Street's S&P 500 and Nasdaq 100 share indices would open steady later in the day.
The yen slipped to a one-week low of 139.43 per dollar and Japanese government bonds rallied following the Bank of Japan'sEditing by Sam Holmes and Bernadette Baum
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