Investor confidence in U.S. bonds improved as the Fed left rates on hold this week and markets cheered a lower-than-expected supply of longer-dated bonds. The benchmark 10-year U.S. Treasury yields slid to three-week lows on Thursday, driven by a renewed demand for longer-dated bonds as confidence grew. In currency markets, the South Korean won advanced 1.6%, set for its biggest gain since March 23. However, the won still has depreciated 4.3% so far this year and is among the worst performing Asian currencies. Markets now await U.S. payrolls data, a key data point expected to set the tone for the Fed's monetary policy.

Source: The Star November 03, 2023 18:44 UTC