Crypto
Indonesian Stocks Rise Amid Bond Yield Surge and Bitcoin Record
The Indonesian stock market saw a 0.7% rise in the Dow as Bitcoin reached a new high of $77K.
However, tech stocks suffered amidst a bond repurchase plan and anticipation around the upcoming Jackson Hole watch.
Bond yields rose to their highest level in four years due to the US Treasury's plans to sell bonds to finance its budget deficit.
The move is seen as an attempt to reduce inflationary pressures by curbing demand for government debt.