- A global stock index was poised to snap a three-week losing streak as investors weighed the negative impact of higher interest rates against signs of economic growth in China.
- Asian equities were led higher on Friday by gains in Hong Kong and Tokyo, following an advance in the United States on Thursday, when the S&P 500 rose the most in more than two weeks.
- The stock market was also buoyed by remarks from Fed's Bostic, who suggested that the central bank might be able to pause rate hikes this summer. Investors in the interest rate market remained focused on inflation risks and more hawkish remarks from other Fed officials.
- Treasury yields were steady in Asia on Friday after moving higher across the curve in the US session, when the 30-year rate surpassed 4%. The policy-sensitive two-year rate was approximately 10 basis points lower than the 5% level.
