Interest rates on short-term Treasury bills jumped in Monday's auction, rising to their highest levels in several weeks.
Asian stocks rose Friday as upbeat U.S. economic data lifted investors' spirits following days of stomach-churning turbulence sparked by a heavy sell-off in China.
U.S. stocks climbed in early trading Thursday, extending their recovery from a sharp sell-off that was triggered by concerns about the health of the Chinese economy.
U.S. stocks moved higher in early trading Wednesday after slumping for six straight days amid concern about a slowing Chinese economy.
The latest on the global financial market turmoil (all times local): ___ 8:00 a.m.
Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to their lowest level since late July.
Thanks to a strengthening U.S. economy, four weeks from now the Federal Reserve is widely expected to engineer its first interest rate hike in nearly a decade.
China's volatile stock market is taking shareholders on a white-knuckle ride, threatening to drive out the small investors Beijing hopes will help pay for reforms of state industry.
Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills unchanged, while rates on three-month bills dropped to the lowest level in two weeks.
Foreign holdings of U.S. Treasury securities rebounded in June following two straight months of declines.