Asian Market Wrap:
Asian Market Wrap: Long yields continue to climb and 10-year Treasury yields are up 0.7 bp at 2.864%, 10-year JGBs up 0.6 bp at 0.032% as stock markets remained in risk on mode during the Asian session. Topix and Nikkei gained 0.74% and 1.09% respectively after a strong close on Wall Street and with the earnings season starting to overshadow lingering trade jitters - at least for now. A weaker yen added support. The Hang Seng is up 0.36%, but CSI 300 and Shanghai Comp are down -0.20% and -0.11% respectively after their biggest rally in more than two years highlighting that trade war concerns continue to linger. Many expect markets to remain volatile ahead of July 20 - the date for the next set of U.S. levies on Chinese imports. U.S. stock futures are higher, however, and oil prices are up and the front end Nymex future is trading at USD 74.29 per barrel.