ASX set to bounce higher on back of Wall Street surge – Sydney Morning Herald

The yield on the 10-year Treasury rose to 1.67 per cent from 1.61 per cent late Thursday. But thats still below where it was last week, when it rose above 1.70 per cent and touched its highest level since before the pandemic began.
A report on Friday also showed that a gauge of inflation that the Federal Reserve likes to use was weaker last month than economists expected. That took off some of the pressure of inflation worries in the near term.
The higher yields helped lift stocks of banks, in part…

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