Asian Stocks to Gain as US Treasury Supports Bonds: Markets Wrap

Asian stocks were set to rebound, tracking Wall Street’s broad gains after US officials said they plan to boost buybacks of longer dated Treasuries to help ease borrowing costs following a surge in yields to near multi-decade highs. Asian stocks were set to rebound, tracking Wall Street’s broad gains after US officials said they plan to boost buybacks of longer dated Treasuries to help ease borrowing costs following a surge in yields to near multi-decade highs.