NEW YORK, Aug 25 — Global equity markets and US Treasury yields rose yesterday as positive US vaccination news lifted sentiment, and as investors grew less worried the Federal Reserve was set to announce a timetable for tapering stimulus measures.
Benchmark 10-year yields rose two and a half basis points to 1.2969 per cent. The yields are in a range after falling from a one-month high of 1.379 per cent on August 12, while holding above a six-month low of 1.127 per cent reached earlier this month. In Europe, the pan-European STOXX 600 was broadly flat, while MSCI’s broadest index of Asia-Pacific shares outside Japan rallied 2.41 per cent, with Chinese stocks rebounding after being hit by regulatory worries last week.
The Dow Jones Industrial Average rose 0.09 per cent to 35,366.26, the S&P 500 gained 0.15 per cent to 4,486.23 and the Nasdaq Composite added 0.52 per cent, to 15,019.80.