GLOBAL MARKETS — Bonds shaky, oil eases off highs amid trade, peace talks
Japan's 10-year bond yield jumps to 3.06%, highest since August 1996 Treasury Secretary Bessent says Washington and Beijing reach deal to extend trade truce Australian down 1.2% to a more than three-month low By Rocky Swift TOKYO, Sept 24 (Reuters) — Debt markets were on edge on Thursday, as Japanese bonds followed Treasuries lower, while Asian equities were mixed as investors weighed simmering Middle East tensions and prospects for talks between the United States and China. As Tokyo markets reopened after a three-day holiday, the benchmark 10-year Japanese government bond yield jumped to a 30-year high after a steep sell-off in the U.S. market overnight. Oil prices eased from recent highs and the greenback held gains after Tehran's leader vowed to never surrender following a warning by U.S. President Donald Trump that he could "annihilate" Iran. Market participants looked ahead to a series of central bank speeches and economic releases, including U.S. jobless claims, for signals on future interest rate hikes. A summit between Trump and Chinese President Xi Jinping was also in focus, with hopes for progress on trade relations. "Equities are really showing some signs of creaking und
2% to a more than three-month low By Rocky Swift TOKYO, Sept 24 (Reuters) — Debt markets were on edge on Thursday, as Japanese bonds followed Treasuries lower, while Asian equities were mixed as investors weighed simmering Middle East tensions and prospects for talks between the United States and China. S. market overnight. S.
President Donald Trump that he could "annihilate" Iran. S. jobless claims, for signals on future interest rate hikes. A summit between Trump and Chinese President Xi Jinping was also in focus, with hopes for progress on trade relations.
"Equities are really showing some signs of creaking under the weight of ever-rising bond yields," Ray Attrill, head of FX strategy at the National Australia Bank, said on a podcast. S. 73%. 2%.
S. in nearly three years was not expected to deliver major breakthroughs, but Washington and Beijing could extend their 11-month trade truce. Treasury Secretary Scott Bessent said they had reached a deal on an extension as Trump greeted Xi personally at Joint Base Andrews in Maryland. Bond yields have climbed to multi-year highs as traders price in the likelihood of central bank hikes to contend with persistent inflation.
12%. S. 11%, after reaching the highest since 2007 overnight. Central bank officials maintained a hawkish tone as rising oil prices drove inflationary pressures.
Federal Reserve Governor Michael Barr said on Wednesday the central bank's recent rate hike was part of efforts to recalibrate borrowing costs and signalled more increases may be needed. Markets are anticipating speeches from other Fed officials on Thursday, including New York Fed President John Williams and Fed President Beth Hammack. Geopolitical tensions kept energy prices elevated. S.
envoys at the UN General Assembly, but both sides signalled little progress toward ending the conflict. Trump reiterated threats of further escalation, while Iran's president vowed not to yield. S. 48 a barrel.
89 an ounce. 14. 91 per dollar. S.
745 million in the prior week. New home sales are forecast to edge up to 615,000 units in August from 607,000 units in July. European futures were lower. 50.
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