SYDNEY, Jan 11 (Reuters) - Asian shares paused near historic highs on Monday while Treasury yields were at a 10-month top as "trillions" in new U.S. fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade.
Loger-term Treasury yields were at their highest since March after Friday's weak jobs report only fanned speculation of more U.S. fiscal stimulus now that the Democrats have control of the government.
Mark Cabana at BofA warned stimulus could further pressure the dollar and cause Fed tapering to begin later this year."An early Fed taper creates upside risks to our year-end 1.5% 10-year Treasury target and supports our longer-term expectations for neutral rates moving towards 3%," he said in a note to clients.
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$2.16 |
Change
-0.060(2.70%) |
Mkt cap ! $2.803B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.20 | $2.12 | $27.01M | 12.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15000 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 117293 | 4 |
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