ASX to fall, Alphabet tumbles, bond yields slide

"We remain constructive for 2024 and see more than 10 per cent gains. If the January barometer is right, the upside to our S & P 500 target is possibly as high as 5500 or more," Lee said. Early market moves in New York also came after the US Treasury released its quarterly funding plans, which sparked a rally in bonds. While the Treasury increased the size of its quarterly issuance of longer-term debt for a third straight time, it also said it "does not anticipate needing to make any further increases in nominal coupon or FRN auction sizes, beyond…