macro
Asian stocks advanced as the US Treasury announced debt buyback plans. This move eased pressure on the bond market and stabilized the dollar. South Korean shares surged, led by SK Hynix's buyback announcement. Global bonds had experienced a selloff due to inflation and debt concerns. Investors are a
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Dollar hugs three-month lows as Treasury seeks to sooth the bond market
Japan’s longer-term government bond yields declined on Thursday, tracking moves in Treasuries after the US Treasury said it’s increasing debt buybacks to curb rising long-term borrowing costs.
Global funds see any rise in Treasury 10-year yields toward 5% spurring outflows from emerging Asian bonds, as higher rates in the US will prompt investors to favor dollar assets over regional debt.
JPMorgan Chase & Co. strategists warned that markets may view the US Treasury’s surprise effort to curb long-term borrowing costs as lacking credibility, potentially pushing up term premium and yields over time.
ECB to start implementing enhanced repo facility for central banks
ECB to extend use of climate factors in Eurosystem collateral framework to non-financial corporate credit claims
Asian stocks were set to rebound, tracking Wall Street’s broad gains after US officials said they plan to boost buybacks of longer dated Treasuries to help ease borrowing costs following a surge in yields to near multi-decade highs.
On Monday, US Bonds Saw a Sell-Off. On Wednesday, Bessent Stepped In
ECB to start implementing enhanced repo facility for central banks