- Asia's stocks rose after gains in US equities and as bond yields fell, providing some relief to investors concerned that higher interest rates will slow growth.
- Hong Kong and Japan led the advance in the MSCI Asia-Pacific Index. China had hardly changed. US futures fell after the S&P 500 erased last week's losses with back-to-back gains, and the tech-heavy Nasdaq 100 also rose.
- Treasury yields rose slightly. The long end of the treasury curve led the rally, pushing 10-year yields below 3% and flattening the curve as Target Corp.'s latest profit forecast highlighted a bleak outlook for US consumer spending. Shorter-dated maturities lagged, weighed down by low auction demand.
- The dollar index rose, while the yen fell further after falling to a 20-year low.
