TOKYO : Asian stocks were mixed on Thursday while the U.S. dollar stabilized and Treasury yields remained depressed as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data.
Fed Governor Christopher Waller said on Wednesday there is still a ways to go on rates, while San Francisco Fed President Mary Daly told CNBC pausing rate hikes is not yet part of the discussion. "Like the resilient spending numbers, gave little succour for anyone looking for an imminent pivot," resulting in"a more cautious tone in markets," he said.
U.S. 10-year Treasury yields hovered near the six-week low at 3.671 per cent hit overnight in Tokyo trading, while the two-year yield continued to consolidate near its lowest level since Oct. 28 at around 4.38 per cent.