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Treasuries Climb as Powell Downplays Fed Hikes: Markets Wrap

(Bloomberg) — Bonds climbed after the Federal Reserve decision was not as hawkish as feared by Wall Street, with Jerome Powell saying it’s unlikely the next move will be a rate hike. Treasuries also gained as the Fed agreed to slow the reduction in its bond portfolio. US two-year yields dropped below 5% as swap… ....

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Asian Tech Stocks Gain, Yen in Range Before BOJ: Markets Wrap

(Bloomberg) — Asian technology shares rose following stellar earnings reports from Microsoft Corp. and Alphabet Inc. after US markets closed. The yen traded in a narrow range before a Bank of Japan policy decision. Equity benchmarks in Japan and South Korea both rose, with the latter helped by Samsung Electronics Co. Those in China and… ....

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