Investing.com - The Australian sharemarket is expected to trade slightly lower on Thursday after Wall Street reversed early gains following a poorly received auction of 10-year Treasury notes.
ASX 200 Futures were last trading 0.2% lower by 7 am AEST.
In the US, all three US benchmarks closed lower, led by the tech-heavy NASDAQ Composite. The S&P 500 lost 0.8%, and the Dow Jones Industrial Average lost 0.6%.
An early afternoon auction of $US42 billion in benchmark 10-year securities drew a yield well above the pre-sale indicative level, according to Bloomberg.
The CBOE Volatility Index closed at 27.85 after dropping below 22 in early New York trade.
Looking ahead, market participants will focus on the NAB business confidence survey and a speech from RBA Governor Michelle Bullock.
Among local companies, AMP Ltd (ASX:AMP), Charter Hall Long WALE REIT (ASX:CLW), Light & Wonder Inc (ASX:LNW), Mirvac Group (ASX:MGR), Nexgen Energy Ltd (ASX:NXG), Piedmont Lithium Ltd (ASX:PLL), and Transurban Group (ASX:TCL) are set to report earnings results.
In the bond markets, Australia 10-Year and 2-year rates were at 4.161% and 3.882%, respectively.