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Yields up with $ as Fed officials signal more hikes; Asian stocks firm

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TOKYO : Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.Yields were also helped as demand for the safest assets retreated following U.S. House Speaker N

TOKYO : Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.

"However investors are going to remain nervous due to the military exercises planned for after Pelosi's departure." Traders now see a chance of about 44 per cent that the Fed will hike by another 75 basis points at its next meeting in September. The U.S. dollar index, which gauges the currency against the yen and five other major peers, was 0.04 per cent higher at 106.41, after rebounding 1 per cent overnight following its slide to a nearly one-month low at 105.03.

 

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Yields up with $ as Fed officials signal more hikes; Asian stocks firmTOKYO : Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.Yields were also helped as demand for the safest assets retreated following U.S. House Speaker N
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Yields up with $ as Fed officials signal more hikes; Asian stocks firmTOKYO : Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.Yields were also helped as demand for the safest assets retreated following U.S. House Speaker N
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