Banque Suisse,
Focus Méditerranéen

Treasuries extended gains fueled by US plans to buy back longer-maturity debt, boosting sentiment and lifting Asian bonds and stocks. The dollar steadied after sliding to a three-month low. The US 30-year yield fell one basis point to 5.18% after sliding nine basis points on Wednesday. The benchmark 10-year yield dropped by a similar amount to 4.63%, extending its six-basis-point decline in the previous session. A Bloomberg index of Treasuries due in 20 years and above had jumped 1.7% Wednesday, its biggest one-day gain since February 2025. Bonds in Japan, Australia and New Zealand also rose after the US Treasury said it would at least double the size of its bond buybacks, which would curb yields on long-term bonds that had climbed to multi-decade highs.