Asian Market Wrap:
Asian Market Wrap: 10-year Treasury yields are down -0.9 bp at 2.871%, pulling back from highs slightly over 2.85% yesterday. JGB yields are still up 0.1 bp at 0.089%, , but also off earlier highs. Wall Street closed with marginal gains yesterday after the S&P 500 pulled back from record highs over the 2900 mark, and Topix and Nikkei are up 0.40% and 0.13% respectively, with TAIEX, Kpospi, Kosdaq and ASX 200 also moving higher amid optimism over U.S. growth after an improvement in consumer sentiment. Mainland China bourses are in the red, however and investors remain cautious despite reports that Canada is willing to make considerable concessions to secure a trade deal amid ongoing concerns over China-U.S. trade prospects. And with Treasury yields approaching 2.9% rate-sensitive shares feel the pressure. the Hang Seng moved sideways, while CSI 300 and Shanghai Comp are down -0.47% and -0.33% respectively. U.S. futures are moving higher, though while oil prices are down and the front end Nymex future is trading at USD 68.51 per barrel.