Posted 10/22/2023, 9:55:00 PM
Rising U.S. Bond Yields and Tightening Financial Conditions Put Asian Markets on Edge
- U.S. Treasuries selloff is the big question for markets this week, especially in Asia.
- South Korea GDP, Australia/Singapore/Japan CPI, and Japan/Australia PMIs are the main indicators this week.
- U.S. bond yields rose sharply last week, sparking stock market losses.
- Financial conditions globally and in China are the tightest in about a year.
- Japanese yen and Chinese yuan face heavy selling pressure.