Asian currencies rise as US bond buyback plan faces skepticism: WSJ

Asian Stocks Rise, Bond Yields Fall on U.S. Treasury Buyback Plans

Treasury doubles bond buybacks to $4B (from $2B) for 10+ year securities from Sept 9, responding to record yields. The move signals policymakers' commitment to yield defense, lifting Asia (Kospi +5.4%, Nikkei +1.3%) and moderating tightening expectations.