SYDNEY - Asian share markets pushed higher on Monday as signs of progress in the US-China trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.
"The substance is more in the vein of an extension of the truce - though that was the best the market could have hoped for," said Tapas Strickland, a director of economics and markets at National Australia Bank. BIG WEEK FOR BREXIT The progress on trade was still enough to slug safe-haven bonds with yields on US 10-year Treasury notes climbing 23 basis points last week to stand at 1.74 per cent.
The dollar fared less well elsewhere, partly due to a jump in sterling, and was last at 98.431 against a basket of currencies after losing 0.5 per cent last week.The pound was trading cautiously at US$1.2608 having surged to a 15-week high around US$1.2705 on Friday on optimism Britain could reach a deal on Brexit with the European Union.
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