In times of risk, investors turn to safe assets. And there’s no asset perceived as safer — while remaining liquid — than a U.S. Treasury bond.
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeWednesday. South Korea's Kospi popped 2.35% to hit a two-week high, boosted by chip firms. Hong Kong's Hang Seng Index added around 1.8%, on pace for its fifth consecutive winning session.to come in at 2.4 trillion Korean won for the third quarter.
In times of risk, investors turn to safe assets. And there's no asset perceived as safer — while remaining liquid — than a U.S. Treasury bond.settled. As yields move inversely with prices, that means bond prices went up, driven up by demand., which climbed 1.14% for its fifth consecutive winning day, the first time it's done so since July 13. That gives the index a 0.
"I think that move lower in yields has supported equity markets broadly. It may also be bringing relief to markets that perhaps there is some sort of peak in this rapidly upward moving yield in the last few weeks," said Mona Mahajan, Edward Jones senior investment strategist.on the valuation of U.S. technology stocks.
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