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Bonds, US-China trade, currencies in focus

Shares in Asia fell Thursday morning as the main yield curve in US tax mates was inverted, triggering fears over the state of the US economy.

In Japan, Nikkei 225 fell 1.88% in morning trading, while the Topix index fell 1.73%. Australia's S & P / ASX 200 also tumbled by 1.91%.

The MSCI Asia ex-Japan index fell a total of 0.59%.

The markets in South Korea and India are closed on Thursday for holidays.

Investment curve for yield curve [19659006] Investors will look at the bond market today, after the yield on the benchmark 1
0-year Treasury note was briefly broken during the 2-year overnight rate, an odd bond market phenomenon that has historically been a reliable indicator on economic recessions. The return on the 30-year government bond was also sent to a new record low on Wednesday.

The return inversion between 10 and 2 years Treasury banknote happened again in the morning at Asian trading hours, with the return on the 10-year note last being 1.5741% compared to the 2-year rate 1.5751%.

Bank shares fall

Asia-Pacific Market Indexes Chart

Currencies and oil

The US dollar index, which tracks the greenback against a basket of its peers, was at 97,977 after rising from levels below 97.8 yesterday.

The Japanese yen, generally considered a safe harbor currency, was trading at 105.89 against the dollar after having strengthened sharply from the levels above 106.5 during the previous session. The Australian dollar changed hands at $ 0.6755 after falling from levels above $ 0.667 yesterday.

Oil prices fell in the morning during the Asian trading hours after seeing heavy losses on Wednesday. International benchmark index for Brent crude products decreased by 0.61% to $ 59.12 per barrel, while US crude futures plunged 0.43% to $ 54.99 per barrel.

Here is a look at some of the information to be paid today:

  • Australia: Employment information for July at. 9:30 am HK / SIN
  • China: Residential Home Sales for July at 9:30 HK / SIN
  • Hong Kong Results: Ping An Group, Vanke

– CNBC's Yun Li contributed to this report. [19659019]
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