@celinemancenido

This is probably more about the signal the administration wants to send to the market than the size of the operation - it's small potatoes vs the US$40 trillion US government debt," wrote Neil Wilson at Saxo Markets. "I see it as a very strong sign that the Treasury has decided higher US yields are unacceptable, and that the recent blowout in the long end is undesirable. "Clearly, Donald (Trump) is not happy yields have blown out." The positive mood boosted Asia, where tech firms - which rely on debt to pay for their huge AI investments - were pummelled Wednesday. Seoul led the charge higher, having been the focus of selling pressure the day before. The Kospi jumped more than six per cent at one point as chipmaker SK hynix rocketed more than 12 per cent, helped by Wednesday's announcement by the firm of a US$29 billion share buyback aimed at soothing recent worries. Samsung climbed almost nine per cent.

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