Asian shares rose on Friday on prospects for a steady economic recovery in China, and after Wall Street reversed losses overnight following remarks by the Atlanta Federal Reserve chief that signalled a measured approach raising U.S. interest rates.
The yield on benchmark 10-year Treasury notes touched 4.0501% compared with its U.S. close of 4.073% on Thursday. The two-year yield , which rises with traders' expectations of higher Fed fund rates, rose to 4.8879%compared with a U.S. close of 4.904%.
Turning to the foreign exchange market, the dollar index , which tracks the greenback against a basket of other major currencies, was down at 104.82. The index is now up more than 1% for the year, but still down from a September high around $114. The dollar eased 0.11% to 136.61 yen , after climbing to 137.10 overnight, the highest since Dec. 20.
The European single currency was up 0.1% on the day at $1.0611, having gained 0.33% in a month, after moving off a nearly two-month low of $1.0533 at the start of the week. In the energy market, oil prices remained firm, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S. rate hikes.Gold was slightly higher. Spot gold was traded at $1840.28 per ounce.
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