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Asian Shares Mixed After Global Bond Sell-Off Deepens and Ahead of US Jobs Data
The 10-year Treasury yield hit 5.34% before easing, while investors awaited forecasts for 90,000 September jobs and steady unemployment.
- On Friday, Asian shares declined as investors navigated volatile bond markets ahead of US jobs data, while military buildup in the Persian Gulf kept Oil prices elevated.
- Potential US-Iran conflict fueled rising Oil prices, spurring inflation concerns as West Texas Intermediate crude futures remained steady at $92.84 a barrel after finishing nearly 3% higher overnight.
- Treasury Markets experienced sharp volatility as the 10-year yield eased from a 24-year high of 5.3445% to 5.2575%. Forecasts center on 90,000 new jobs in September.
- Markets price in a 25% probability of a rate hike, down sharply from 69% a week ago. "A hot wages print could prove particularly influential," said Chris Weston, head of research at Pepperstone.
- The US dollar index hit its highest level since April 2025, while the euro slid to $1.1215, the lowest since May 2025. Investors remain focused on geopolitical developments and energy flows through the Strait of Hormuz.
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31 Articles
31 Articles
Contrastful performance for Asian and Pacific Stock Exchanges, with investors adopting a cautious attitude in view of key employment data in the United States. (ANSA)
·Rome, Italy
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Asian shares mixed after global bond sell-off deepens and ahead of US
HONG KONG (AP) — Asian shares were mixed Friday after a global bond sell-off deepened and ahead of a U.S. monthly jobs report due later in the day. Oil prices steadied even as the U.S. sends another
·Baltimore, United States
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Coverage Details
Total News Sources31
Leaning Left8Leaning Right5Center12Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 32%
C 48%
R 20%
Factuality
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