Wednesday, 31 Mar 2021 07:58 AM MYT
The more upbeat tone expected in Asia also reflected heightened recovery prospects. China's manufacturing purchasing managers' index, due for release today, was expected to have ticked higher in March as the world's second-largest economy continues to reopen. Bond prices have been falling on concerns that inflation might tick up from US stimulus and the economic reopening allowed by vaccinations. But Ryan Felsman, a senior economist at CommSec in Sydney, said the inflation picture still seems benign.The benchmark US 10-year Treasury yield hit a 14-month high of 1.776 per cent early yesterday, but was at about 1.717 per cent by late afternoon in New York.
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