Asian Stocks Fall as US Jobs Data and Oil Risks Rattle Markets 
Asian Stocks Mixed as Markets Await U.S. Jobs Data 
Dollar Hits Three-Month High as US Treasury Yields Surge 
Asian Stocks Rise as Bond Yields Ease Ahead of U.S. Inflation Data 
Oil Prices Hold Steady as Middle East Supply Risks Persist 
Trump Eyes $54 Billion South Korean Investment in Alaska LNG 
Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets 
IMF Says Global Bond Markets Remain Orderly Despite Yield Surge 
Wall Street Edges Higher as Treasury Yields Retreat 
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The U.S. Treasuries gained slightly Tuesday ahead of the Federal Reserve Chair Janet Yellen’s scheduled speech later in the day. Investors reassessed Trump’s ability to pass potentially reflationary bills, such as the promised tax cuts. As a result, US Treasury yields fell and the USD depreciated.
The yield on the benchmark 10-year Treasury fell nearly 1 basis point to 2.37 percent, the super-long 30-year bond skid 1/2 basis point to 2.97 percent and the yield on short-term 2-year note traded flat at 1.26 percent by 11:40GMT.
Financial markets registered a slight increase in risk aversion following the US Administration’s failure to pass the health care bill in Congress on Friday. Further, equities extended their declines, especially the banking sector, as expectations of reflationary policy faltered. The movement in US assets dragged down global stocks and pushed up sovereign bond prices.
Reacting to today’s modest improvement in risk sentiment, US Treasuries edged lower but their losses were limited. Later in the day, Fed Chair Yellen will be the keynote speaker at the NCRC Annual Conference held in Washington.
Meanwhile, the S&P 500 Futures fell 0.11 percent or 2.50 points to 2,335.75 by 11:40GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -12.75 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
