Asian Markep Wrap:
Asian Markep Wrap: 10-year Treasury yields are up 1.4 bp at 2.833%, as the USD weakened 10-year JGB yields fell back -0.2 bp at 0.083%, while yields picked up in Australia and New Zealand. Reuters reported that Trump accused China and Europe of manipulating their currencies, which followed on the heels of comments lamenting the Fed's rate hikes. Asian stock markets are mostly higher after muted gains on Wall Street yesterday. Japanese indices moved up from early lows as the yen weakened and while the Topix is still down -0.27%, the Nikkei is up 0.20%. The Hang Seng gained 0.37%, while mainland China indices continued to outperform as state back funds were seen buying stocks to help stabilize the market. The CSI 300 is up 1.84%, the Shanghai Comp 1.39% higher. U.S. equity futures are posting slightly gains. Things may look more stable on the surface and Turkish markets at least are closed now for the rest of the week, but EM jitters continue as Venezuela's 95% devaluation takes hold.