MSCI’s broadest index of Asia-Pacific shares outside Japan was up just 0.04%, having rallied around 3% so far this week. Australian shares, which have been hampered by concerns about a trade row with China, pulled back slightly from a two-month high. Shares in China .CSI300 fluctuated between gains and losses before the start of the annual parliament meeting on Friday. The 20-year yield eased slightly to 1.1602% in Asia, while the yield on benchmark 10-year Treasury notes fell to 0.6639% as traders sought the safety of government debt. Another $54 billion of 20-year bonds are expected over the next three months as the US government ramps up spending to fund the economic recovery from the coronavirus pandemic.

Source: bd News24 May 21, 2020 03:56 UTC