Yields on government bonds opened higher in Australia and Japan while Treasuries held most of their sharp move from the previous session as investors reassessed the risks from inflation.
Bonds are slumping from the US to Australia as early hawkish signs from this month’s slew of central-bank meetings spurred traders to renew bets on an extended interest-rate hiking cycle.
Some of China’s biggest banks lowered rates on a range of deposit products, responding to the government’s call for help in boosting growth in the world’s second-largest economy.
House Speaker Kevin McCarthy called off votes for the remainder of the week and sent lawmakers home as a revolt by Republican hard-liners halted business in the chamber for a second day.
Oil steadied as investors weighed mixed US data on crude and petroleum stockpiles amid persistent concerns over the demand outlook.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}
