The majority of Asian markets climbed as traders weighed the economy's resilience to inflationary pressures and a projected decrease in the Federal Reserve's post-pandemic support.
In Japan and South Korea, stocks rose, while they fluctuated in China as data revealed the sharpest rise in producer prices since 1995.
The tech-heavy Nasdaq 100 outperformed the S&P 500 as US futures raced higher after Wall Street ended a three-day losing run.
Longer-term treasuries have reduced their gains, and a key part of the yield curve has flattened to around a one-year low.
Inflation in the US remained over 5%, and Fed minutes indicated that bond purchases would be tapered either in mid-November or mid-December.
Gold was approaching its highest level in over a month as crude oil held above $80 a barrel.