Asian markets extend rally as traders assess US Treasuries pledge

HONG KONG: Asian stocks edged higher on Friday (Aug 21) as investors assessed the US Treasury's move to push down long-term bond yields, while analysts warned that alone would not be enough to keep borrowing costs from spiking.Treasury Secretary Scott Bessent's pledge that he had more tools to provide support did littl

Government bond yields fell and stocks jumped on a move by the Treasury Department to double the amount of debt that it can buy back from investors.