US Treasuries sank, adding to the downdraft, with yields pushing up across the curve as at least 40 businesses tapped high-grade markets around the world Tuesday.
Meanwhile, the greenback remained elevated a US yields advanced, with the 10-year maturity approaching 4.3%. The surge in corporate debt issuance followed a seasonal slowdown and the recent rise in Treasury rates. About half of the corporate deals — or over $36 billion of new bonds — were sold in the US.
The yuan is also likely to be in focus as China tries to address its slide amid broad concerns over the nation’s economic health.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia Stocks Look Set to Advance Amid US Holiday: Markets Wrap(Bloomberg) -- Asian stocks looked set for modest gains as traders mulled US jobs data that supported optimism the Federal Reserve is nearing the end of its tightening cycle. US markets are shut Monday for the Labor Day holiday.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted G
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia Stocks Look Set to Advance Amid US Holiday: Markets WrapAsian stocks looked set for modest gains as traders mulled US jobs data that supported optimism the Federal Reserve is nearing the end of its tightening cycle. US markets are shut Monday for the Labor Day holiday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Asia Stocks Set to Fall as China Property in Focus: Markets WrapAsian stocks are set to open lower Tuesday, as traders return their focus to China’s efforts to halt its economic malaise after markets in the US were shut for the US Labor Day holiday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »