Global bond yields edge higher as selloff eases
U.S. and European yields rose Friday but remained below recent highs as the global bond selloff eased. Markets are watching next week's U.S. CPI data and French debt issuance plans.
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U.S. and European yields rose Friday but remained below recent highs as the global bond selloff eased. Markets are watching next week's U.S. CPI data and French debt issuance plans.
Global bonds began to stabilize in Asia after a sharp two-day selloff drove yields to multi-decade highs. The US 10-year Treasury yield slipped one basis point to around 5.19% after rising more than 20 bps over the previous two sessions, while the two-year yield eased to about 4.90%. Oil also pulled back, with Brent fa
Global stocks advanced as strong AI demand boosted tech shares and falling oil prices aided bonds. European debt led gains as yields dropped.
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.