Asian shares are mixed after U.S. stocks held steadier as both bond yields and bitcoin stabilizedA person on a bicycle waits in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 1, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)BANGKOK -- Asian shares were mixed Wednesday after stocks on Wall Street held steadier as both bond yields and bitcoin stabilized.U.S. futures rose and oil prices edged higher. Tokyo's Nikkei 225 jumped 1.1% to 49,864.68 on big gains for tech ...

The U.S. stock market is holding relatively steady on Tuesday as both bond yields and bitcoin stabilize. ...

Group 1 - The Federal Reserve has been cutting interest rates, which has positively impacted the bond market, with hopes for further cuts due to slowing job growth and consumer spending [1][7] - The Bloomberg U.S. Aggregate Bond Index has returned approximately 6.7% in 2025, indicating a strong recovery from the historically poor performance in 2022 [2] - Investors are experiencing a more favorable environment for bonds in 2025 compared to previous years, with returns outpacing those of short-term T-bills [3][4] Group 2 - Treasury yields have decreased, with the yield on the 10-year note falling by nearly half a percentage point to 4.147% this year, contributing to the attractiveness of bonds [8] - The U.S. government's budget deficit remains a concern, with a deficit of $1.8 trillion for the 2025 fiscal year, which could influence bond market dynamics [14] - The additional yield for holding investment-grade corporate bonds over Treasurys has recently increased slightly to 0.83 percentage points, indicating a potential shift in market sentiment [13]

The Reserve Bank of India's (RBI) share in the outstanding government securities (G-secs) has seen a noticeable rise over the past year, according to a recent report by the State Bank of India (SBI).The report mentioned that the RBI's holding increased to 14.2 per cent in June 2025, compared with 11.9 per cent in June 2024, and 10.6 per cent in December 2025. It stated, "RBIs share in outstanding Government securities has increased to 14.2 per cent in Jun-25 from 11.9 per cent in Jun-24, and 10.6 per cent i ...

Market Overview - The S&P 500 Index is down -0.64%, the Dow Jones Industrials Index is down -0.25%, and the Nasdaq 100 Index is down -1.09% [1] - December E-mini S&P futures are down -0.70%, and December E-mini Nasdaq futures are down -1.15% [1] Economic Impact - US stock indexes are declining as optimism over the reopening of the US government has been priced in [2] - Higher T-note yields are negatively impacting stocks, with the 10-year T-note yield increasing by +4 basis points to 4.11% [2] - The Congressional Budget Office (CBO) projected that the recent government shutdown would reduce real GDP growth in the current quarter by 1.5 percentage points, but more than half of this loss may be recovered early next year [4] Corporate Earnings - Q3 corporate earnings season is nearing completion, with 456 of the S&P 500 companies having reported earnings results [6] - 82% of reporting S&P 500 companies exceeded forecasts, marking the best quarter since 2021 [6] - Q3 earnings rose by +14.6%, significantly surpassing expectations of +7.2% year-over-year [6]

Core Viewpoint - Growth stocks are expected to outperform in 2026 across all three markets, driven primarily by bond yields rather than earnings growth [1] Summary by Relevant Categories - **Market Positioning** - Growth stocks are identified as the optimal investment choice for 2026 [1] - **Performance Determinants** - The key performance determinant for growth stocks will be bond yields instead of earnings growth [1]

Speaking of, let's bring in Alan's chief economic adviser, Muhammad Ali, and he too is at Post 9 and it's nice to see you in person as well. >> Thanks for having me. >> So, what what do you make of the move below 4% on the 10-year.And what Steve just showed us 100% the market's convinced for this month and then in December and then 65 for January. Is is are we over our expectations a bit or no. No, I think the moves are motivated by what you discussed earlier, which is concern about credit, concerns about r ...

Market Trends - Stock indexes and bond yields experienced a pullback Thursday afternoon [1] - Safe-haven gold reached a new record high [1] Economic Factors - Investors are digesting a slew of earnings reports [1] - Trade tensions are influencing market sentiment [1] - The ongoing U S government shutdown is impacting investor behavior [1]

Market Overview - Bond yields are down across the board, indicating a risk-off sentiment in the market [1] - The 10-year Treasury yield is currently at 4.05%, with a potential risk of falling below 4% [1][4] - The NASDAQ is experiencing a key reversal day, with a new intraday all-time high followed by a reversal lower [2] Treasury Market Dynamics - New low yields are being observed across the entire Treasury curve, from 2-year to 30-year bonds [3] - The 10-year yield settled at 4.14%, down nearly 10 basis points on the day, and only down about 7-8 basis points for the week [4] Currency and Economic Indicators - The dollar index has shown resilience, currently around 99, up from approximately 97.75 last week [5][6] - The market appears to believe that the impact of recent tariff news will be short-lived, similar to previous tariff-related market movements [5] Potential Market Reversals - Any positive developments regarding tariffs or trade relations, such as favorable social media posts, could lead to a rapid reversal in market trends [6][7] - The significance of the closing yield for the 10-year Treasury is emphasized, particularly in relation to the 4% threshold [8]

All right, meantime, bond yields, they are down across the board on that social media post and kind of a a riskoff perspective of this entire market. Let's bring in Rick Santelli to kind of make sense of all this. Rick, I'm looking at a tenure at 4.05% one day.I get it, not a trend. Is there a risk here of sub4. You know, I think there there is a risk, but I also think the catalyst for this move makes the risk of a test of 4% on a closing basis less technically significant.So, as you see the charts I put in ...