China's stocks extended gains on the back of news of more support from Beijing for economic recovery
SINGAPORE – Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated US Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025.
Chinese government bond yields ticked up in response, with the 10-year yield gaining two basis points to 1.7125%. "Investor expectations have been raised and dashed more than once in China in recent years, and 2025 may prove to be no different. China's economic and market outlook might largely depend on the speed and magnitude of government reforms."
The two-year Treasury yield last stood at 4.3427%, while the benchmark 10-year yield steadied near a seven-month high at 4.5907%. Data on Monday showed US consumer confidence unexpectedly weakened in December as the post-election euphoria fizzled and concerns about future business conditions emerged.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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