Government bond yields in Asia, Europe and the U.S. moved lower after data from China released Tuesday showed the world's second biggest economy was not...
Bond yields fell on Tuesday after data showed China’s economic recovery was not as strong as expected and traders waited for talks on the U.S. government debt ceiling later in the day.
What’s happening What’s driving markets Government bond yields in Asia, Europe and the U.S. moved lower after data from China released Tuesday showed the world’s second biggest economy was not rebounding from its COVID slowdown as strongly as hoped. Meanwhile, traders continued to jostle for position ahead of more debt-ceiling talks, due to start at 3 p.m. Tuesday, according to the White House. Investors are struggling to gauge the likelihood of a technical default by the U.S. government and what impact it may have on the debt markets and central bank policy.
Other U.S. economic updates set for release include industrial production and capacity utilization for April at 9:15 a.m. followed at 10 a.am. by March business inventories and May home builder confidence.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury Secretary Yellen: Treasury’s borrowing costs had already increased for early JuneUS Treasury Secretary Yellen: Treasury’s borrowing costs had already increased for early June – by anilpanchal7 UnitedStates Politics FiscalPolicy NewsTrading RiskAppetite
Read more »
Daily on Energy: IRA drafters vs. Treasury on credits for solar and ChinaSubscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!
Read more »
Asia stocks steady despite China data miss, helped by weaker dollar outlookAsia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support.
Read more »
Biden launches Asia trip aimed at taking on ChinaAs Biden travels abroad to bolster his global push against China, some say he should be seeking ways to lower the temperature.
Read more »
10-year Treasury yield rises as investors await Fed speaker commentsThe 10-year Treasury yield inched higher on Monday as investors looked to Fed speaker comments for hints about the economic and central bank policy outlook.
Read more »
Former Assistant Treasury Secretary issues stark warning over Biden border priorities: A 'deliberate act'Former Assistant Treasury Secretary Monica Crowley discusses the Biden administration's political agenda, warning that Democrats' border policies are 'intentional.'
Read more »