Asian stocks rally as US Treasury steps in to ease bond fears - CNA
• Asian stock markets rallied on Thursday, Aug 20, following a surprise intervention by the US Treasury to stabilize bond markets. • The US Treasury announced it will "at least double" the issuance of long-term bonds to lower borrowing costs, which had recently surged to near two-decade highs. • This move is critical as it addresses investor fears regarding spiking yields and provides necessary stability to global financial markets.
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