Asian Market Wrap:
Asian Market Wrap: 10-year Treasury yields are down, as are long yields across Asia with 10-year JGBs at 0.046%, down -0.5 bp. The eyes remain on the 10-year Treasury yield, which is down -1.5 bp on the day but continues to flirt with the 3% mark at currently 2.96%. Asian markets moved mostly higher overnight, following on from a positive session on Wall Street and amid ongoing USD strength with a weaker Yen underpinning a 0.75% rise in the Nikkei. The Hang Seng is up 0.94%, the CSI 300 rallied 1.75% amid speculation that the government is considering easing some policies put in to limit the credit boom. The absence of any negative news on the trade front seems to have given stock markets some breathing space and U.S. futures are also up in tandem with U.K. futures. Oil prices are also up and the front end Nymex future is trading at USD 69.14 per barrel.