A lull in bond selling has stretched into Friday, but may not last the day as investors waited on U.S. jobs data that could add to the case for keeping interest rates high for some time.
Oil’s flip from surging to sliding has also provided respite, with Brent crude futures at $84.50 a barrel, some $13 or 13.5% cheaper than last week’s 11-month high.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.9%. Tokyo’s Nikkei (.N225) was flat and currency markets were similarly steady, though the bond rout has the dollar headed for a record 12th straight week of gains.
Read the full story on Reuters here.