• Asian stocks are set to fall on Thursday after bonds and shares declined in the US following another weak sale of Treasuries.
  • Futures for equity benchmarks in Sydney, Tokyo and Hong Kong all signaled markets will open lower on Thursday. Contracts for US shares also slipped in early Asian trading after the S&P 500 ended Wednesday near session lows, back below 5,300, while the Nasdaq 100 had its worst day since May 1.
  • US Treasuries fell across the curve after tepid demand in the $44 billion sale of seven-year securities, boosting concern that funding the US deficit will drive up yields at a time when the Federal Reserve is in no rush to cut rates. Australian and New Zealand debt tracked the moves early Thursday.