Top officials signalled that the Treasury yield gains might reshape future rate hike strategies.
Investors were keeping a close watch of a possible Gaza ground assault, assessing its market implications.
Markets were keeping a close watch, however, on military clashes between Israel and the Palestinian Islamist group Hamas, after Hamas’ surprise strike on Saturday that killed hundreds of Israelis. “If it takes a drawn-out time and we get more actors involved in it, obviously there’s going to be a bigger market impact from that.”China’s largest private property developer Country Garden Holdings warned on Tuesday morning that it might not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, weighing on the country’s beleaguered property sector.
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