STOCKS | Australian Bond Futures Fall as RBA's Michele Bullock Flags Inflation Risks

Australian bond futures edged lower, and the Australian dollar strengthened against the U.S. dollar. According to Sina Finance, Reserve Bank of Australia Governor Michele Bullock's remarks at a parliamentary hearing were interpreted as hawkish. Bullock said upside inflation risks are emerging and that it needs to be assessed whether the earlier rate hikes were sufficient. Traders are now fully pricing in a 25-basis-point rate hike at the RBA's policy meeting later this month.