Asian Market Wrap:
Asian Market Wrap: 10-year Treasury yields moved up 2.2 bp to 1.52% overnight, after cash markets remained closed yesterday for the Labour Day holiday. JGB yields erased overnight gains and are currently unchanged at -0.277%, after reaching a high of -266%/Asian stock markets traded mixed in thin trade. A Bloomberg reported highlighted the difficulties in arranging the talks that are supposed to restart this week after the U.S. rejected Beijing's request to delay the start of tariffs that came into effect over the weekend. Against that background stock markets struggled to make headway Topix and Nikkei still managed gains of 0.5% and 0.1% respectively, but the Hang Seng declined -0.24% and CSI 300 and Shanghai Comp both lost -0.2%. The ASX is also down -0.2% and U.S. futures are equally heading south with the NASDAQ leading the way. U.S. Sino trade talks and political clashes over Brexit in the U.K. will remain in focus today after the latest round of manufacturing PMIs highlighted the fallout from geopolitical trade tensions. The front end WTI future is trading at USD 54.85 per barrel.