Day traders' weekend lounge May 23 - 25

Thanks afternoon crew. Have a great weekend, all.

End-of-day summary:

The share market continued its recovery from the April lows this week despite increasing caution on financial markets as "bond vigilantes" targetted the US over its growing national debt.

The ASX 200 hit a three-month high on Wednesday before a jump in bond yields fuelled a midweek selldown in US stocks. Wall Street suffered its biggest fall in a month before steadying on Thursday as yields retreated.

A choppy week for Australian stocks saw gains on Tuesday, Wednesday and Friday undercut by setbacks on Tuesday and Thursday. The market scraped a gain of 12 points or 0.15% on the last session of the week to secure a skinny weekly tally of 17 points or 0.2%. This week's advance was the index's fifth in six weeks.

Tremors in the bond market dominated the headlines this week amid concerns that international investors were losing their appetite for US debt. Yields on US government bonds jumped mid-week after an auction attracted weak buying interest.

The White House this week secured passage of President Trump's signature tax and spending package through the House of Representatives. The Congressional Budget Office projects the bill could add almost US$4 trillion to the national deficit.