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Asian Shares Retreat As Yields Rise On Fed Jitters

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks traded lower on Tuesday after U.S. Treasury yields rose across the curve as a result of a heavy slate of corporate debt sales and a series of auctions beginning today.

The dollar was little changed and gold prices dipped after Minneapolis Fed President Neel Kashkari told Wall Street Journal that he would err on the side of overtightening monetary policy rather than not doing enough to bring inflation down to the 2 percent target.

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