Shares of banks and other financial institutions ticked up as investors adjusted rate expectations.
Treasury yields saw their biggest gains of the year so far on expectations that the Federal Reserve would have to tighten further in order to bring down inflation.
Japan was set to name Kazuo Ueda, an advocate of aggressive monetary easing, to lead the Bank of Japan. Mr. Ueda is expected to continue a rate-cutting campaign that has taken some of the upward momentum away from the yen.
Tether Holdings, the secretive Hong Kong-based owner of stablecoin tether, has engaged Wall Street firm Cantor Fitzgerald to help oversee its $39 billion bond portfolio.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-10-23 1732ET
