macro

US Treasury to buy up to $6 billion in Sept 10 buyback operation Reuters

ECB set to hike as Iran war fuels fresh inflation fears Reuters

The yield gap between Chinese and US 10-year sovereign bonds widened to the most on record following a drop in Treasuries, underscoring the stark divergence between a global debt selloff and the stability of onshore yields.

Federal Reserve Board announces termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.

Australia’s property stocks are trailing global peers by the most in 16 years, and analysts worry it may get worse as the prospect of more rate hikes and the unraveling of a suburban developer intensify scrutiny in the sector.

US Treasury to buy up to $6 billion in Sept 10 buyback operation Reuters

Asian stocks were poised to decline Thursday, tracking losses on Wall Street as surging oil prices and Treasury yields stoked inflation concerns ahead of key US price data. US oil extended its rally to an eighth straight session.

US government bonds fell after the Treasury Department announced target sizes for its expanded buyback program short of the levels some strategists said were possible.

Treasury Secretary Scott Bessent’s unusual move to supersize his department’s debt buyback program stumbled on Wednesday, when an announcement on the size of the first enlarged operation proved insufficient to halt market declines.

Scott Bessent seeks to steady government debt market with expanded purchase programme