Rising US Treasury yields put Asia back on edge
NEW YORK – US Treasury yields are pressing against their highest levels since 2007, and Asia’s policymakers know what that usually means: turbulence ahead. This week’s $42 billion auction of 10-year notes cleared at 4.683%, the richest yield since the eve of the global financial crisis. Investors are demanding higher yields to fund Washington’s borrowing as […] The post Rising US Treasury yields…
US Treasury yields have risen to their highest levels since 2007, causing concern among Asia's policymakers. A recent $42 billion auction of 10-year notes cleared at 4.683%, with investors demanding higher yields to fund US borrowing.
The Hindu BusinessLine reports that Indian government bonds are expected to see positive momentum due to easing oil prices and lower US Treasury yields. The yield on the benchmark 6.94% 2036 bond is expected to be in the 6.75% to 6.78% range.
The Indian government is set to raise ₹320 billion through a bond sale, including two new securities. According to the Hindu BusinessLine, oil prices eased due to signs of weaker global demand and a build in US crude inventories, with Brent crude trading below $87 a barrel. The 10-year US Treasury yield was around 4.65%.
Brief written by urgent.news from Asia Times, Hindu BusinessLine — 2 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Indian bonds poised for positive start on lower oil prices, Treasury yields thehindubusinessline.com
