Asia open: ongoing US yield relief helps stabilise Global markets

MARKETS mic risks and consider the Federal Reserve's potential actions in response to robust US economic growth and potential challenges ahead. Indeed, US stock indices saw sturdy gains. At the same time, Treasury yields declined after Atlanta Federal Reserve Bank President Raphael Bostic's remarks that further interest rate hikes may not be required to address inflation concerns. Yields on the 10-year Treasury note dipped below 4.

According toa Bloomberg reportyesterday, Chinese policymakers are considering raising the budget deficit 2023 and issuing at least RMB1tn of additional sovereign debt for infrastructure spending in the wake of a not-so-bountiful economic Golden Week consumption boom. While commodities and the usual cross-asset actors responded favourably to the headline, investors remained cautious.

The dollar is trading weaker as the safe-haven demand ebbs as participants reevaluate the geopolitical risks in the Middle East in a less incendiary light. At the same time, a steady stream of dovish Fed rhetoric is slightly undermining the dollar, which continues to get held in check by interventionist policies from the Bank of Japan and The People's Bank of China.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Stocks higher, Treasury yields retreat as global markets settleA big pullback in Treasury bond yields, as well as Israel's securing of its southern border with Gaza, has stocks moving cautiously higher in early Tuesday trading.
Source: startelegram - 🏆 248. / 63 Read more »

Surging Treasury Yields Upend Stock Market's 'Bond Proxies'Soaring Treasury yields have stunned the U.S. equity market in recent weeks, with some of the worst fallout hitting a group of stocks expected to have bond-like qualities. The S&P 500 is down about 4% since the Federal Reserve's hawkish interest rate projections last month...
Source: NEWSMAX - 🏆 16. / 71 Read more »

JPMorgan says the peak in yields is near, but it won't be good for stocksThe Wall Street bank said equity investors should remain wary as company earnings and a weakening macroeconomic picture may continue to pressure stocks.
Source: CNBC - 🏆 12. / 72 Read more »