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Asian stocks rise and oil prices slip after Treasury yields ease
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Workers clean the glass window of a building in front of an electronic stock board showing Japan's TOPIX index at a securities firm Friday, May 23, 2025, in Tokyo. - photo by AP Photo/Eugene Hoshiko
HONG KONG (AP) — Asian stocks rose early Friday as U.S. Treasury yields eased after a rocky week due to worries in the bond market over mounting U.S. government debt. The yield of the 10-year Treasury shed 0.6% to 4.52% while the two-year yield, which more closely tracks expectations for action by the Federal Reserve, slipped 0.4% to 3.98%. Oil prices dropped on expectations that the OPEC+ group of oil exporters may decide on another increase in output at their next meeting.