Asian Market Wrap:
Asian Market Wrap: 10-year Treasury yields are down -0.3 bp at 1.798%, JGB yields fell back -1.0 bp to -0.176%, while bonds traded mixed elsewhere across Asia. Stocks also show an uneven picture as the attention turns to the FOMC announcement today. Wall Street closed with slight gains yesterday, but Topix and Nikkei lost -0.55% and -0.14% respectively and the ASX is down -0.26%. The Hang Seng lost early gains during the course of the session and is currently down -0.05%, while CSI 300 and Shanghai Comp edged up 0.55% and 0.36% respectively with airlines supported by the drop in oil prices and after the National Development and Reform Commission of the People's Republic of China (NDRC) announced infrastructure investment. Saudi Arabia partially restarted the facility damaged by the drone attacks and said production capacity will be back to normal within months. The front end WTI future is currently trading at USD 59.07 per barrel.