The Nikkei 225 Future is trading at 22,340.00 up with +0.09% percent or +20.00 point .The NSE Nifty Future is trading at 10,620.00 up with +0.48% percent or +50.45 point. The Hang Seng Future is trading at 30,093.00 up with +0.19% percent or +56.00 point .
TODAY’S FACTORS AND EVENTS
The stock declines came as 10-year Treasury yields TMUBMUSD10Y, -1.14% hit 3% and remain at their highest level since January 2014, a sign of confidence in the economy.
Justin Tang, head of Asian research at United First Partners, said that while many investors have priced in higher 10-year bond yields, “the real concern is how quickly rates are going to go up.” The 10-year Treasury yield started 2018 at 2.41%.
Fu said the 10-year Treasury yield moving beyond 3%, which hasn’t happened since 2011, will “definitely trigger appetite into risk-free assets.”
Oil prices in Asia were roughly flat by midday after declines during U.S. trading Tuesday. Bitcoin BTCUSD, -2.21% has continued to rally, moving within $300 of $10,000, according to CoinDesk, a level the cryptocurrency hasn’t reached since early March.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,083.83 up with +0.25% percent or +59.70 point. The S&P 500 is trading at 2,639.40 up with +0.18% percent or +4.84 point. The Nasdaq Composite is trading at 7,003.74 with a loss of -0.052% percent or -3.62 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,550.47 with a loss of -0.18% percent or -2.81 point; the S&P 600 Small-Cap Index closed at 955.03 with a loss of -0.24% percent or -2.34 point; the S&P 400 Mid-Cap Index closed at 1,888.01 up with +0.06% percent or +1.19 point; the S&P 100 Index closed at 1,155.38 up with +0.13% percent or +1.54 point; the Russell 3000 Index closed at 1,566.31 up with +0.12% percent or +1.95 point; the Russell 1000 Index closed at 1,463.95 up with +0.15% percent or +2.20 point;