Hong Kong, Aug 20, 2026 (AFP) - Asian stocks rally as US Treasury steps in to ease bond fears

NAMPA / AFP
2026-08-20
Asian markets rallied Thursday after the US Treasury said it would "at least double" the amount of long-term bonds to push down borrowing costs, following a surge this week to near two-decade highs. The surprise move provided a much-needed shot in the arm for investors worried about a spike in 10- and 30-year yields caused by the prospect of inflation staying elevated, government borrowing, and possible Federal Reserve interest rate hikes. Soon a......
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CAPE TOWN, 19 August 2026 - South Africa’s Minister of Sport, Arts and Culture, Gayton McKenzie speaking at Iziko Museum in Cape Town, South Africa during the handing over of remains of former Robben Island prisoners in partnership with the Namibian government. (Photo: Contributed)

CAPE TOWN, 19 August 2026 - South Africa’s Minister of Sport, Arts and Culture, Gayton McKenzie speaking at Iziko Museum in Cape Town, South Africa during the handing over of remains of former Robben Island prisoners in partnership with the Namibian government. (Photo: Contributed)

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WINDHOEK, 19 August 2026 - Minister of Education, Innovation, Youth, Sports, Arts and Culture, Sanet Steenkamp speaking at the Iziko Museum in Cape Town, South Africa during the handing over of the remains of former Robben Island prisoners in partnership with the South African Department of Sport, Arts and Culture. (Photo: Contributed) NAMPA

WINDHOEK, 19 August 2026 - Minister of Education, Innovation, Youth, Sports, Arts and Culture, Sanet Steenkamp speaking at the Iziko Museum in Cape Town, South Africa during the handing over of the remains of former Robben Island prisoners in partnership with the South African Department of Sport, Arts and Culture. (Photo: Contributed) NAMPA

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OPUWO, 19 August 2026 - Members of the Parliamentary Standing Committee on Education, Youth, Civic Relations and Community Development during an oversight visit to assess the implementation of the Youth Development Fund and progress on basic sports facilities in the Kunene Region on Tuesday. (Photo by: Kaviveterue Virere) NAMPA

OPUWO, 19 August 2026 - Members of the Parliamentary Standing Committee on Education, Youth, Civic Relations and Community Development during an oversight visit to assess the implementation of the Youth Development Fund and progress on basic sports facilities in the Kunene Region on Tuesday. (Photo by: Kaviveterue Virere) NAMPA

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KATIMA MULILO, 19 August 2026 - The Zambezi Vocational Training Centre (ZVTC) on Wednesday received 300 pieces of Kiaat timber planks from the Ministry of Environment, Forestry and Tourism. (Photo: Contributed)

KATIMA MULILO, 19 August 2026 - The Zambezi Vocational Training Centre (ZVTC) on Wednesday received 300 pieces of Kiaat timber planks from the Ministry of Environment, Forestry and Tourism. (Photo: Contributed)

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WINDHOEK, 19 August 2026 - Travis Smithard, CEO of Rhino Resources, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

WINDHOEK, 19 August 2026 - Travis Smithard, CEO of Rhino Resources, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

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WINDHOEK, 19 August 2026 - Vice President Lucia Witbooi, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

WINDHOEK, 19 August 2026 - Vice President Lucia Witbooi, at the official opening of the fourth edition of the Namibia Oil and Gas Conference. (Photo by: Justina Shuumbwa) NAMPA

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WINDHOEK, 19 August 2026 - Minister of Industries, Mines and Energy Modestus Amutse. (Photo by: Justina Shuumbwa) NAMPA

WINDHOEK, 19 August 2026 - Minister of Industries, Mines and Energy Modestus Amutse. (Photo by: Justina Shuumbwa) NAMPA

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