Asian Market Update:
Asian Market Update: Yields moved higher and stocks traded narrowly mixed, with mainland China bourses underperforming. 10-year Treasury yields lifted 1.1 bp to 1.865% as fears of an immediate outright war in the Mideast continue to fade and after U.S. President Trump said the phase one trade deal with China will be signed on January 15 or shortly after. JGB yields moved up 0.3 bp to -0.006%. In stock markets Nikkei and Topix gained 0.4% and 0.3% respectively and the Hang Seng is also still up 0.2%, but CSI 300 and Shanghai Comp dropped -0.08% and -0.11% respectively, although both are up from session lows. The ASX lifted 0.8% after better than expected retail sales for November, which rose 0.9% m/m. Japan's leading indicator for November was in line with expectations at 90.9, but the main focus on the data front will be U.S. payroll numbers later in the session. U.S. stock futures are moving higher ahead of the release and USD-JPY lifted to 109.59, although other dollar crosses are steady to lower. The yen fell against most currencies, while AUD was supported. The front end WTI future meanwhile is trading at USD 59.47 per barrel.