Asia stocks set to trade mixed as Treasury yields bounce back
Futures pointed to a higher open for Japanese shares, with the Nikkei futures in contract in Chicago at 20,655 and its counterpart in Osaka at 20,570. TheStocks in Australia, however, were set to slip at the open. The SPI futures contract was at 6,395.0, as compared to theThe moves come following a wild trading week that saw turbulence in the markets as investors reacted to developments in U.S. Treasurys.
The bond market flashed a signal Wednesday that is normally interpreted as a sign a recession is on the horizon, with the yield on the 10-year Treasury note briefly broke below the rate for the 2-year. The last Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors sought out safe-haven assets.
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