Asian shares edge up as US bond yields come off late-2017 lows
Updated : March 26, 2019 09:24 AM IST
MSCI's broadest index of Asia-Pacific shares outside Japan rebounded 0.3 percent after losing 1.4 percent in the previous session. Australian shares were flat, while Japan's Nikkei jumped 1.8 percent after recording its biggest drop since late December on Monday.
Investors have been spooked by sharp falls in US bond yields and an inversion of the US Treasury yield curve, which is widely seen as an indicator of an economic recession.
The Treasury Department will sell $113 billion in coupon-bearing supply this week, including $40 billion in two-year notes on Tuesday, $41 billion in five-year notes on Wednesday and $32 billion in seven-year notes on Thursday.
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