Asian Market Wrap:
Asian Market Wrap: 10-year Treasury yields are down -0.2 bp at 2.816%. Japan's benchmark rate slipped to a low of just 0.001%, before a rise in futures triggered margin calls and the yield bounced back to now 0.029%, a gain of 1.6 bp on the day. Elsewhere across Asia, however, long yields dipped in tandem with Treasury yields. Asian stock traded mixed with all eyes on the Fed after the recent turmoil on world markets and in light of the slide in oil prices, which should provide dis-inflationary signals. Topix and Nikkei are down -0.41% and -0.60% respectively. The Hang Seng is up 0.04%, but the CSI 300 lost -0.97% and the ASX is down -0.16%. Kospi, Taiex and Kosdaq are all posting solid gains, however and U.S. futures are moving higher, amid lingering speculation that the Fed will call off the hike, although most expect a move today with a signal for a pause. Oil prices fell to a low of just USD 45.93 before regaining some ground to now USD 46.50 per barrel.