Morning Bid: Markets fly on Fed and funding

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Key Points

World markets lapped up a combination of steady U.S. interest rates, rejigged Treasury borrowing and lower oil prices - with an eye on Thursday's earnings update from America's most valuable company Apple...

The Federal Reserve left rates on hold again as expected - with an equivocal stance on further tightening as financial conditions generally remain tight..

Along with signs of fresh weakness in U.S. manufacturing last month and further retreat in crude oil prices to their lowest since August, 10-year Treasury yields dialled back yet again as low as 4.70% on Thursday - the lowest in more than two weeks and now 32 basis points below recent highs...

BOJ Governor Kazuo Ueda will continue to dismantle the central bank's ultra-easy monetary policy settings only gradually and look to exit the decade-long accommodative regime sometime next year, Reuters reported on Thursday, based on interviews with six sources familiar with the BOJ's thinking...

In other U.S. corporate news, automaker Tesla (TSLA.O) delivered 72,115 China-made electric vehicles last month, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said.. Key developments that should provide more direction to U.S. markets later on Thursday:..

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