Asia stocks relieved by China export surprise, U.S. bonds face debt flood

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Asian shares pared early losses on Thursday after Chinese exports proved far stronger than even bulls had imagined, while U.S. bond investors were still daunted by the staggering amount of new debt set to be sold in coming weeks.

Bond markets saw one of the largest shifts in a while after the U.S. Treasury said it would borrow a truly astonishing $2.999 trillion during the June quarter, five times larger than the previous single-quarter record.

Yields on 30-year bonds US30YT=RR jumped 7 basis points to 1.40%, the largest daily increase since mid-March. He noted that with rates across the globe falling to all time lows, the yen no longer had a large yield disadvantage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Glorious numbers from our glorious leader are always 100% accurate

we believe you china lol

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks higher as Wall Street gains on Covid-19 recovery hopesAsian shares consolidate gains as investors see China's yuan rebound as offering modest olive branch to US amid resurgence in trade tensions
Source: trtworld - 🏆 101. / 63 Read more »

Private companies have put down strong roots in ChinaChina has 206 privately held companies valued at $1bn or more, more than any other country Fake news. is CCP’s propaganda. Obviously, You didn't know China well. There is no one privately held company in China. The CCP controls them all in China. Good joke. Every business with 50 employees in China has a CCP member on the board. There are no truly private businesses of any size there and certainly none worth $1 billion or more. They’re all ultimately instruments of the government and operate under their implicit mandate.
Source: TheEconomist - 🏆 6. / 92 Read more »