Financial Markets Breathe Sigh of Relief as Bond Yields Ease, Though Policy Decisions Loom

Traders cheered as pressure eased on bond markets, providing relief across financial markets.
A sharp drop in long-term US Treasury yields lifted stocks in Asia-Pacific, with Japan's Nikkei jumping 1.5%.
The US dollar remains dominant, but the yen and euro regained some stability after recent volatility.
Next week brings big policy decisions from the Bank of Japan, US Federal Reserve and Bank of England, potentially causing more turbulence.
Former Chinese Premier Li Keqiang died suddenly of a heart attack at age 68, just 10 months after retiring.