China to Issue $139B in Bonds for Infrastructure, But Not Housing; World Markets Mixed as Yields Ease Back

China plans to issue $139 billion in bonds to boost infrastructure spending and economic growth. However, funds won't go to struggling property sector.
World shares were mixed Wednesday after China's pledge. Stocks fell in Europe but rose in Asia.
U.S. Treasury yields have eased back this week after hitting 5.02% earlier. Higher yields hurt stocks and other assets.
Oil prices dipped, taking some pressure off inflation.
U.S. economy has remained resilient despite higher interest rates, but a recession is possible if rates stay high.