Asia-Pacific Market Recap: Fixed Income Sells Off, Equities Rally

- Nikkei up 1.24% - ASX up 0.49% - USD up 0.47 points at 100.79 Yen - Aussie Dollar up 0.18 cents at 0.7171 USD - Yields on Australian 10-year bonds up 16.7 bps to 4.60% - Yields Japanese 10-year government bonds up 4.0 bps to 1.47%

Asia-Pacific fixed income markets are declining and equities closed higher with yields on Australian 10-year bonds up 16.7 bps to 4.60% and Japanese 10-year government bonds up 4.0 bps to 1.47%.

Sydney's S&P ASX 200 closed up 18.40 points to 3754.

The Japanese Nikkei closed up 108.09 points to 8857.93 and the Hang Seng up 494.00 points to 15039.69.

Yields on three-year Australian bonds were up 6.3 bps to 4.00 and the Australian 90-day September 09 contract was up 2.0 ticks to 97.28.

The Euroyen September 09 contract was flat at 99.46.

The Australian dollar was up 0.18 cents to 0.7171 against the USD and up 0.08 cents to 0.8802 against the Canadian dollar.

Against the yen, the U.S. dollar was up 0.47 points to 100.79 and the Canadian dollar was up 0.51 points to 82.11.

The euro was up 0.68 cents to 1.3552 USD.

All data taken at 2:06 a.m. EDT.

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