The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.1773% compared with a U.S. close of 4.188%. Australian shares recouped some earlier losses but were still down 0.27%, while Japan's Nikkei stock index rose 0.56%. Australia's central bank considered hiking rates for an 11th time in April before deciding to pause, but was ready to tighten further if inflation and demand failed to cool, minutes of the Reserve Bank of Australia's April meeting showed. On Wall Street, the Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.33% and the Nasdaq Composite gained 0.28%. "The possibility of further tightening of Federal Reserve policy resulted in Treasury yields lifting while U.S. equity markets were relatively subdued," ANZ economists wrote on Tuesday. Two key business surveys for the U.S. published on Monday, including the Empire State Survey, showed business conditions and sentiment remained robust despite the banking sector crisis and tightening monetary policy conditions. European stocks ended just barely lower to snap a five-session streak of gains, with the pan-European STOXX 600 index down 0.01%. The winning streak was the longest for the index in three months.
The dollar rose 0.04% against the yen at 134.51 , still some distance from its high this year of 137.91 hit in March. The European single currency was flat on the day at $1.0929, having gained 0.77% in a month, while the dollar index , which tracks the greenback against a basket of currencies of other major trading partners, was down at 102.06. U.S. crude ticked up 0.25% to $81.03 a barrel. Brent crude rose to $84.95 per barrel. Gold was slightly high with the spot price at $1997.09 per ounce. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates YTD Global asset performance Asian stock markets ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Scott Murdoch in Sydney; Editing by Himani Sarkar and Sam Holmes)
