HONG KONG: Asian markets rallied on Thursday (Aug 20) after the US Treasury said it would "at least double" the amount of long-term bonds to push down borrowing costs, after they surged this week to near two-decade highs.The surprise move provided a much-needed shot in the arm for investors worried about a sp

Higher bond yields raise concerns over US borrowing costs and fiscal pressures

NEW YORK, Aug 19 : Longer-dated global bond yields retreated from multi-decade highs, the dollar tumbled and gold jumped on Wednesday after the U.S. Treasury Department said it…

Asian stocks advanced as the US Treasury announced debt buyback plans. This move eased pressure on the bond market and stabilized the dollar. South Korean shares surged, led by SK…

The US Treasury has doubled planned buybacks of longer-dated bonds to at least $4 billion per operation, seeking to ease liquidity pressures after the 30-year Treasury yield hit…