Bond yields rebound, global stocks edge up as last week’s rally fades

Amid calls to refine proposed citizenship amendments, PM Anwar says govt must honour Rulers' position, will explain to backbenchers

But the drop in market yields is a double-edged sword as they could increase corporate loans and spur economic growth, said Gennadiy Goldberg, head of US rates strategy at TD Securities in New York.“The markets are in wait-and-see mode,” Goldberg added, as traders assess whether the economy slows further or in fact proves to be more resilient than the Fed would like to see.

Stabilization can provide a little bit of bounce for equities and a little bit of price appreciation for the bond market, Saglimbene added. An outlier is Australia’s central bank, which is considered likely to resume raising rates at a policy meeting today as inflation there stays stubbornly high.

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