Asian bonds and stocks gained as US plans to buy back longer-dated Treasuries to curb borrowing costs buoyed sentiment. The dollar steadied after sliding to a three-month low. Bonds in Japan, Australia and New Zealand all rose following Wednesday’s gains in Treasuries. US sovereign debt rallied after the Treasury said it would at least double the size of its bond buybacks, which would curb yields on long-term bonds that had climbed to multi-decade highs. The US 30-year yield fell one basis point to 5.18% in Asian trade after sliding nine basis points on Wednesday. The benchmark 10-year dropped by a similar amount to 4.63%, extending its six-basis-point decline in the previous session. A Bloomberg index of Treasuries due in 20 years and above had jumped 1.7% Wednesday, its biggest one-day gain since February 2025. MSCI’s Asia Pacific index rose 1.6%, snapping a two-day losing streak, boosted by a 5.8% advance in South Korea’s Kospi. Technology stocks rebounded as SK Hynix Inc. shares jumped more than 12% after the Korean memory-chip maker unveiled plans for a stock buyback. Global bonds had been jolted in recent days as investors demanded greater compensation for inflation risks and rising government debt levels, while tensions in the Middle East added to price pressures. The selloff, which also weighed on stocks, was exacerbated by a wave of corporate borrowing to finance the artificial-intelligence boom. In other corners of the market, gold slipped 0.4% to about $4,500 an ounce after climbing to its highest level since early June. Bitcoin rose to around $70,000 after President Donald Trump pressed Congress to pass a key crypto bill as the White House hosted industry executives. As sentiment improved, US equity-index futures advanced in Asian trading after the S&P 500 Index posted a modest gain Tuesday, even as chipmakers declined. Contracts for the Nasdaq 100 Index rose 0.5%. Bloomberg’s gauge of the dollar was little changed in Asia, after sliding 0.8% on Wednesday to the lowest level since May as Treasury yields declined. Meanwhile, Brent crude advanced for a fifth day to about $92 a barrel. That came after Trump said there would be an unprecedented economic warfare operation against Iran, after faulting the country for failing to take its chance to make a deal with him. Long-maturity government bond yields surged globally this week, with the US 30-year yield reaching its highest level since 2007. A 10-year Treasury auction last week drew the highest financing cost for that maturity since 2007, while a 30-year sale a day later cleared at the highest yield since 2001. While the Treasury didn’t indicate how the operations would be paid for, it typically relies on issuance of bills for its fluctuating funding needs. If officials are in effect replacing longer-dated debt with short-term securities, the maneuver amounts to a version of the Federal Reserve’s “Operation Twist.” US After Hours BULL +13.5% and NDSN +8.7% sharply higher on earnings; RARE +8.6% on FDA approval of GENGLYCOS; WOLF -9.8%, COTY -7.6% lower on earnings.
Nikkei +1% Hang Seng +0.66% CSI +0.07% Kospi +5.45% Shanghai +0.14% Shenzen +0.78%
Eur$ CNH CNY JPY GBP CHF RUB TRY WTI$ Gold BTC ETH
S&P +0.14% Nasdaq +0.44% EuroStoxx -0.26% FTSE -0.01% Dax -0.20% SMI
Macro :
- Trump Opens Door to Hyperliquid as US Pulls Crypto Trade Onshore
- Trump Offers to Cut Canada Auto Tariffs to 15% in Trade Deal
- UK’s Green Party Stokes Bank Tax Debate With 38% Levy Pledge
Keep an eye on :
Keep an eye on :
- ALKB DC ; ALK 2Q Revenue Beats Ests; Low End of FY Guidance Range Raised
- AAPL US : Apple’s Camera AirPods Remain on Track for 2027 Despite Leak
- AQUA NO : Aqualis Reports 2Q Revenue of $90.8 Million, Compared With FactSet Estimates of $91.3 Million (1 Est.)
- AUPH US : Aurinia Gains After Settling Drug Patent Dispute With Teva
- BCVN SW : BC Vaudoise 1H Operating Profit CHF263M Vs. CHF250.8M Y/y
- Castelion IPO : Castelion Closes $1b Series C at $13b Valuation
- CCH LN : Coca-Cola HBC Holder Offers 5.1m Shares: Terms
- CCH LN : Coca-Cola HBC Holder Offers 5.1m Shares: Terms
- COTY US : Coty 4Q Net Revenue Beats Estimates Coty’s Revenue Beats Expectations Amid Turnaround Push
- ESSITYA SS : Essity To Buy Kenvue's Brazil Feminine Care Unit for $284m
- FNTN GY : Freenet Said to Near Deal to Buy Out Minority Waipu.TV Investors
- GN DC : GN Store Nord 2Q Revenue Misses Estimates
- GOOGL US : Marvell Gives Client Google Right to Buy $12.2 Billion in Shares
- GOOGL US : Marvell Gives Client Google Right to Buy $12.2 Billion in Shares
- GTT FP : GTT Gets Order From HD KSOE for Tank Design of Two LNG Carriers
- GUBRA DC : Gubra 2Q Ebit Loss DKK81.6M
- KOIN BB : Kinepolis 1H Revenue Beats Estimates
- KVUE US : Essity To Buy Kenvue's Brazil Feminine Care Unit for $284m
- MRK US : *MERCK SHARES CLOSE UP 13% IN BEST ONE-DAY GAIN SINCE MARCH 2009
- MRNA US : *MODERNA SHARES SOAR RECORD 177%, ADDING $44 BILLION IN VALUE
- NSISB DC : Novonesis Boosts FY Sales Growth Forecast, Announces Buyback
- NVDA US : Nvidia Mulls Funding Mercor at $20b Valuation: Information
- NOVOB DC : Sandoz’s 200% Rally Puts Generic GLP-1 Plans in Focus
- SDZ SW : Sandoz’s 200% Rally Puts Generic GLP-1 Plans in Focus
- SN/ LN : Baxter Taps Smith+Nephew’s Rogers as Next CFO, Backs Outlook
- SPCX US : SpaceX Attempted to Acquire AI Coding Startup Cognition
- SPCX US : Starlink Reapplies for India Approval of Satellite Network
- ZUGN SW : Zug Estates 1H Vacancy Rate 1.2% Vs. 0.9% Y/y