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Asian stock indices posted gains on Friday, managed to hold onto positive territory despite remaining on course for overall weekly losses. Market sentiment was supported as the intense upward pressure on global bond yields showed signs of temporary relief following recent volatility in international debt markets. US Treasury yields resumed a gradual rise following a brief pause caused by an unexpected intervention in the Treasury market earlier in the week. Bond market stability remains a central focus for equity investors globally, as higher yields typically tighten financial conditions, elevate borrowing costs, and weigh on stock valuations, particularly in growth sectors. Traders and macro analysts are now closely watching upcoming economic data and central bank commentary for clues on monetary policy paths. The interaction between persistent sovereign yield movements, inflationary dynamics, and global central bank strategies will be key drivers for both global equity markets and risk sentiment in the coming sessions.
