Asia shares skid on surging bond yields, US dollar

The Straits Times2021-03-05

NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...

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Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":367874421,"gmtCreate":1614939833463,"gmtModify":1704777217630,"author":{"id":"3574850099281549","authorId":"3574850099281549","name":"lukecyb","avatar":"https://static.tigerbbs.com/86b31ee917e065ab961b2a500b7103d6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574850099281549","authorIdStr":"3574850099281549"},"htmlText":"Like my comments!!!!!","listText":"Like my comments!!!!!","text":"Like my comments!!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367874421","repostId":2117507788,"repostType":4,"repost":{"id":"2117507788","pubTimestamp":1614904495,"share":"https://ttm.financial/m/news/2117507788?lang=&edition=fundamental","pubTime":"2021-03-05 08:34","market":"sg","language":"en","title":"Asia shares skid on surging bond yields, US dollar","url":"https://stock-news.laohu8.com/highlight/detail?id=2117507788","media":"The Straits Times","summary":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rat","content":"<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares skid on surging bond yields, US dollar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117507788","content_text":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.Energy markets were not spared the volatility either, with oil prices surging more than 5 per cent overnight to their highest in over a year, after Opec and its allies agreed to keep production unchanged into April as demand recovery from the coronavirus pandemic was still fragile.In early Friday trade, Australian stocks shed 1 per cent, Japan's Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.US stocks had dropped sharply on Thursday after Federal Reserve chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.The tech-heavy Nasdaq Composite tumbled 2.1 per cent, taking it down about 10 per cent from its record closing high on Feb. 12 and putting it in correction territory.Even though Mr Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, some analysts still worried rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.\"The US dollar has gained 0.8 per cent, and there you see the holy trinity of market fears - rising real rates, increased expectations of rate hikes, and a stronger US dollar,\" said Chris Weston, the head of Research at Pepperstone Markets Ltd, a foreign exchange broker, in Australia.Bond investors with a bearish view of Treasuries took heart in Mr Powell's remarks and sold the notes. The yield on 10-year Treasuries climbed above 1.5 per cent to as high as 1.5727 per cent, but still below a one-year high of 1.614 per cent struck last week.The yield curve, a measure of economic expectations, steepened on rising yields, with the gap between two- and 10-year yields widening by another 6.3 basis points overnight.Rising Treasury yields bolstered demand for the US dollar. The dollar index jumped 0.61 per cent against a basket of major currencies to 91.651, within sight of a three-month high of 91.663.A stronger dollar hobbled the yen. By early Friday, the yen was soft at 107.95, a level not seen since July 1.The euro was also tripped by a firmer dollar, with the common currency sluggish at US$1.19665.Climbing yields and dollar strength pummeled gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold slid another 0.2 per cent early Friday to stand at US$1,694.0600 per ounce, trading below US$1,700 for the first time since June 2020.Oil prices, on the other hand, extended gains on early Friday after zooming higher overnight.US crude futures climbed 0.85 per cent to US$64.38 a barrel, after scaling its January 2020 peak of US$64.86 overnight. Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":367374574,"gmtCreate":1614915652298,"gmtModify":1704776946138,"author":{"id":"3570519374633708","authorId":"3570519374633708","name":"nakazatous","avatar":"https://static.tigerbbs.com/9ac34656b654252df0f82999785e92ae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570519374633708","authorIdStr":"3570519374633708"},"htmlText":"Like my comment","listText":"Like my comment","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367374574","repostId":2117507788,"repostType":4,"repost":{"id":"2117507788","pubTimestamp":1614904495,"share":"https://ttm.financial/m/news/2117507788?lang=&edition=fundamental","pubTime":"2021-03-05 08:34","market":"sg","language":"en","title":"Asia shares skid on surging bond yields, US dollar","url":"https://stock-news.laohu8.com/highlight/detail?id=2117507788","media":"The Straits Times","summary":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rat","content":"<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares skid on surging bond yields, US dollar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares skid on surging bond yields, US dollar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117507788","content_text":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.Energy markets were not spared the volatility either, with oil prices surging more than 5 per cent overnight to their highest in over a year, after Opec and its allies agreed to keep production unchanged into April as demand recovery from the coronavirus pandemic was still fragile.In early Friday trade, Australian stocks shed 1 per cent, Japan's Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.US stocks had dropped sharply on Thursday after Federal Reserve chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.The tech-heavy Nasdaq Composite tumbled 2.1 per cent, taking it down about 10 per cent from its record closing high on Feb. 12 and putting it in correction territory.Even though Mr Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, some analysts still worried rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.\"The US dollar has gained 0.8 per cent, and there you see the holy trinity of market fears - rising real rates, increased expectations of rate hikes, and a stronger US dollar,\" said Chris Weston, the head of Research at Pepperstone Markets Ltd, a foreign exchange broker, in Australia.Bond investors with a bearish view of Treasuries took heart in Mr Powell's remarks and sold the notes. The yield on 10-year Treasuries climbed above 1.5 per cent to as high as 1.5727 per cent, but still below a one-year high of 1.614 per cent struck last week.The yield curve, a measure of economic expectations, steepened on rising yields, with the gap between two- and 10-year yields widening by another 6.3 basis points overnight.Rising Treasury yields bolstered demand for the US dollar. The dollar index jumped 0.61 per cent against a basket of major currencies to 91.651, within sight of a three-month high of 91.663.A stronger dollar hobbled the yen. By early Friday, the yen was soft at 107.95, a level not seen since July 1.The euro was also tripped by a firmer dollar, with the common currency sluggish at US$1.19665.Climbing yields and dollar strength pummeled gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold slid another 0.2 per cent early Friday to stand at US$1,694.0600 per ounce, trading below US$1,700 for the first time since June 2020.Oil prices, on the other hand, extended gains on early Friday after zooming higher overnight.US crude futures climbed 0.85 per cent to US$64.38 a barrel, after scaling its January 2020 peak of US$64.86 overnight. Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":367345020,"gmtCreate":1614914380460,"gmtModify":1704776930453,"author":{"id":"3568945952613347","authorId":"3568945952613347","name":"Wenyin","avatar":"https://static.tigerbbs.com/4514fca637e841ecdc7c46d694823f67","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568945952613347","authorIdStr":"3568945952613347"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367345020","repostId":2117507788,"repostType":4,"repost":{"id":"2117507788","pubTimestamp":1614904495,"share":"https://ttm.financial/m/news/2117507788?lang=&edition=fundamental","pubTime":"2021-03-05 08:34","market":"sg","language":"en","title":"Asia shares skid on surging bond yields, US dollar","url":"https://stock-news.laohu8.com/highlight/detail?id=2117507788","media":"The Straits Times","summary":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rat","content":"<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares skid on surging bond yields, US dollar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares skid on surging bond yields, US dollar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117507788","content_text":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.Energy markets were not spared the volatility either, with oil prices surging more than 5 per cent overnight to their highest in over a year, after Opec and its allies agreed to keep production unchanged into April as demand recovery from the coronavirus pandemic was still fragile.In early Friday trade, Australian stocks shed 1 per cent, Japan's Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.US stocks had dropped sharply on Thursday after Federal Reserve chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.The tech-heavy Nasdaq Composite tumbled 2.1 per cent, taking it down about 10 per cent from its record closing high on Feb. 12 and putting it in correction territory.Even though Mr Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, some analysts still worried rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.\"The US dollar has gained 0.8 per cent, and there you see the holy trinity of market fears - rising real rates, increased expectations of rate hikes, and a stronger US dollar,\" said Chris Weston, the head of Research at Pepperstone Markets Ltd, a foreign exchange broker, in Australia.Bond investors with a bearish view of Treasuries took heart in Mr Powell's remarks and sold the notes. The yield on 10-year Treasuries climbed above 1.5 per cent to as high as 1.5727 per cent, but still below a one-year high of 1.614 per cent struck last week.The yield curve, a measure of economic expectations, steepened on rising yields, with the gap between two- and 10-year yields widening by another 6.3 basis points overnight.Rising Treasury yields bolstered demand for the US dollar. The dollar index jumped 0.61 per cent against a basket of major currencies to 91.651, within sight of a three-month high of 91.663.A stronger dollar hobbled the yen. By early Friday, the yen was soft at 107.95, a level not seen since July 1.The euro was also tripped by a firmer dollar, with the common currency sluggish at US$1.19665.Climbing yields and dollar strength pummeled gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold slid another 0.2 per cent early Friday to stand at US$1,694.0600 per ounce, trading below US$1,700 for the first time since June 2020.Oil prices, on the other hand, extended gains on early Friday after zooming higher overnight.US crude futures climbed 0.85 per cent to US$64.38 a barrel, after scaling its January 2020 peak of US$64.86 overnight. Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":367342438,"gmtCreate":1614914366324,"gmtModify":1704776930128,"author":{"id":"3576056007940397","authorId":"3576056007940397","name":"Audrey Chew","avatar":"https://static.tigerbbs.com/51d86a9f94030f9c99398b8cd03b7d90","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576056007940397","authorIdStr":"3576056007940397"},"htmlText":"likes pleaseeee","listText":"likes pleaseeee","text":"likes pleaseeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367342438","repostId":2117507788,"repostType":4,"repost":{"id":"2117507788","pubTimestamp":1614904495,"share":"https://ttm.financial/m/news/2117507788?lang=&edition=fundamental","pubTime":"2021-03-05 08:34","market":"sg","language":"en","title":"Asia shares skid on surging bond yields, US dollar","url":"https://stock-news.laohu8.com/highlight/detail?id=2117507788","media":"The Straits Times","summary":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rat","content":"<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares skid on surging bond yields, US dollar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares skid on surging bond yields, US dollar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117507788","content_text":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.Energy markets were not spared the volatility either, with oil prices surging more than 5 per cent overnight to their highest in over a year, after Opec and its allies agreed to keep production unchanged into April as demand recovery from the coronavirus pandemic was still fragile.In early Friday trade, Australian stocks shed 1 per cent, Japan's Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.US stocks had dropped sharply on Thursday after Federal Reserve chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.The tech-heavy Nasdaq Composite tumbled 2.1 per cent, taking it down about 10 per cent from its record closing high on Feb. 12 and putting it in correction territory.Even though Mr Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, some analysts still worried rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.\"The US dollar has gained 0.8 per cent, and there you see the holy trinity of market fears - rising real rates, increased expectations of rate hikes, and a stronger US dollar,\" said Chris Weston, the head of Research at Pepperstone Markets Ltd, a foreign exchange broker, in Australia.Bond investors with a bearish view of Treasuries took heart in Mr Powell's remarks and sold the notes. The yield on 10-year Treasuries climbed above 1.5 per cent to as high as 1.5727 per cent, but still below a one-year high of 1.614 per cent struck last week.The yield curve, a measure of economic expectations, steepened on rising yields, with the gap between two- and 10-year yields widening by another 6.3 basis points overnight.Rising Treasury yields bolstered demand for the US dollar. The dollar index jumped 0.61 per cent against a basket of major currencies to 91.651, within sight of a three-month high of 91.663.A stronger dollar hobbled the yen. By early Friday, the yen was soft at 107.95, a level not seen since July 1.The euro was also tripped by a firmer dollar, with the common currency sluggish at US$1.19665.Climbing yields and dollar strength pummeled gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold slid another 0.2 per cent early Friday to stand at US$1,694.0600 per ounce, trading below US$1,700 for the first time since June 2020.Oil prices, on the other hand, extended gains on early Friday after zooming higher overnight.US crude futures climbed 0.85 per cent to US$64.38 a barrel, after scaling its January 2020 peak of US$64.86 overnight. Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":367322417,"gmtCreate":1614912330039,"gmtModify":1704776904631,"author":{"id":"3574225416500857","authorId":"3574225416500857","name":"Richard1988","avatar":"https://static.tigerbbs.com/173ae37a246f2772d4e645668e9833c4","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3574225416500857","authorIdStr":"3574225416500857"},"htmlText":"Crazy","listText":"Crazy","text":"Crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367322417","repostId":2117507788,"repostType":4,"repost":{"id":"2117507788","pubTimestamp":1614904495,"share":"https://ttm.financial/m/news/2117507788?lang=&edition=fundamental","pubTime":"2021-03-05 08:34","market":"sg","language":"en","title":"Asia shares skid on surging bond yields, US dollar","url":"https://stock-news.laohu8.com/highlight/detail?id=2117507788","media":"The Straits Times","summary":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rat","content":"<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares skid on surging bond yields, US dollar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares skid on surging bond yields, US dollar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117507788","content_text":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.Energy markets were not spared the volatility either, with oil prices surging more than 5 per cent overnight to their highest in over a year, after Opec and its allies agreed to keep production unchanged into April as demand recovery from the coronavirus pandemic was still fragile.In early Friday trade, Australian stocks shed 1 per cent, Japan's Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.US stocks had dropped sharply on Thursday after Federal Reserve chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.The tech-heavy Nasdaq Composite tumbled 2.1 per cent, taking it down about 10 per cent from its record closing high on Feb. 12 and putting it in correction territory.Even though Mr Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, some analysts still worried rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.\"The US dollar has gained 0.8 per cent, and there you see the holy trinity of market fears - rising real rates, increased expectations of rate hikes, and a stronger US dollar,\" said Chris Weston, the head of Research at Pepperstone Markets Ltd, a foreign exchange broker, in Australia.Bond investors with a bearish view of Treasuries took heart in Mr Powell's remarks and sold the notes. The yield on 10-year Treasuries climbed above 1.5 per cent to as high as 1.5727 per cent, but still below a one-year high of 1.614 per cent struck last week.The yield curve, a measure of economic expectations, steepened on rising yields, with the gap between two- and 10-year yields widening by another 6.3 basis points overnight.Rising Treasury yields bolstered demand for the US dollar. The dollar index jumped 0.61 per cent against a basket of major currencies to 91.651, within sight of a three-month high of 91.663.A stronger dollar hobbled the yen. By early Friday, the yen was soft at 107.95, a level not seen since July 1.The euro was also tripped by a firmer dollar, with the common currency sluggish at US$1.19665.Climbing yields and dollar strength pummeled gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold slid another 0.2 per cent early Friday to stand at US$1,694.0600 per ounce, trading below US$1,700 for the first time since June 2020.Oil prices, on the other hand, extended gains on early Friday after zooming higher overnight.US crude futures climbed 0.85 per cent to US$64.38 a barrel, after scaling its January 2020 peak of US$64.86 overnight. Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":367322172,"gmtCreate":1614912290096,"gmtModify":1704776903819,"author":{"id":"3574225416500857","authorId":"3574225416500857","name":"Richard1988","avatar":"https://static.tigerbbs.com/173ae37a246f2772d4e645668e9833c4","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3574225416500857","authorIdStr":"3574225416500857"},"htmlText":"Bad","listText":"Bad","text":"Bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367322172","repostId":2117507788,"repostType":4,"repost":{"id":"2117507788","pubTimestamp":1614904495,"share":"https://ttm.financial/m/news/2117507788?lang=&edition=fundamental","pubTime":"2021-03-05 08:34","market":"sg","language":"en","title":"Asia shares skid on surging bond yields, US dollar","url":"https://stock-news.laohu8.com/highlight/detail?id=2117507788","media":"The Straits Times","summary":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rat","content":"<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares skid on surging bond yields, US dollar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia shares skid on surging bond yields, US dollar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117507788","content_text":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.Energy markets were not spared the volatility either, with oil prices surging more than 5 per cent overnight to their highest in over a year, after Opec and its allies agreed to keep production unchanged into April as demand recovery from the coronavirus pandemic was still fragile.In early Friday trade, Australian stocks shed 1 per cent, Japan's Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.US stocks had dropped sharply on Thursday after Federal Reserve chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.The tech-heavy Nasdaq Composite tumbled 2.1 per cent, taking it down about 10 per cent from its record closing high on Feb. 12 and putting it in correction territory.Even though Mr Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, some analysts still worried rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.\"The US dollar has gained 0.8 per cent, and there you see the holy trinity of market fears - rising real rates, increased expectations of rate hikes, and a stronger US dollar,\" said Chris Weston, the head of Research at Pepperstone Markets Ltd, a foreign exchange broker, in Australia.Bond investors with a bearish view of Treasuries took heart in Mr Powell's remarks and sold the notes. The yield on 10-year Treasuries climbed above 1.5 per cent to as high as 1.5727 per cent, but still below a one-year high of 1.614 per cent struck last week.The yield curve, a measure of economic expectations, steepened on rising yields, with the gap between two- and 10-year yields widening by another 6.3 basis points overnight.Rising Treasury yields bolstered demand for the US dollar. The dollar index jumped 0.61 per cent against a basket of major currencies to 91.651, within sight of a three-month high of 91.663.A stronger dollar hobbled the yen. By early Friday, the yen was soft at 107.95, a level not seen since July 1.The euro was also tripped by a firmer dollar, with the common currency sluggish at US$1.19665.Climbing yields and dollar strength pummeled gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold slid another 0.2 per cent early Friday to stand at US$1,694.0600 per ounce, trading below US$1,700 for the first time since June 2020.Oil prices, on the other hand, extended gains on early Friday after zooming higher overnight.US crude futures climbed 0.85 per cent to US$64.38 a barrel, after scaling its January 2020 peak of US$64.86 overnight. Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":62,"commentSize":29,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2117507788"}