Asian Market Update:
Asian Market Update: Treasury yields corrected overnight, amid fresh caution on U.S.-Sino trade talks and Brexit developments, while JGBs moved higher as Japanese markets caught up with developments following a long weekend. The U.S. 10-year rate is up 1.3 bp at -0.179%, while Treasury yields fell back -3.8 bp to 1.69%. Stock markets also traded mixed across Asia. Topix and Nikkei rallied 1.5% and 1.8% respectively in catch up trade, while elsewhere markets where cautious amid reports suggesting that China wants to hold more talks before signing even a partial trade deal with the U.S.. The Hang Seng declined -0.13% as political protests remain in focus. CSI 300 and Shanghai Comp declined -0.5% and -0.6% respectively after data showed Chinese consumer price inflation surging higher, while factory price continue to decline. Turkey's offensive also remains in focus as the U.S. administration imposed sanctions and sharply increased tariffs on steel while calling for an immediate end to moves. Vice President Pence is being dispatched to the Middle East and there is concern over U.S. nuclear bombs stationed at a Turkish airbase. The RBA's minutes showed a deep debate on the latest rate cut, but had limited impact, with the ASX posting a slight 0.14% gain. U.S. futures are up 0.2-0.3% ahead of the first batch up big bank earnings reports that will tart to roll in today. USD-JPY is trading at 108.33 amid a mostly higher yen. The front end WTI future meanwhile fell back to USD 53.19 per barrel.