• Australian and New Zealand bonds advanced, wiping more than six basis points from the two countries’ 10-year yields. The move followed upward moves in Treasuries that pushed the yield on five- to 30-year maturities at least 10 basis points lower. The 10-year yield fell to 3.79%, a level not seen since July. The mood was also felt in Germany, where yields of the same maturity struck a fresh 2023 low.
• In the equity market, Asian benchmarks headed for muted moves early Thursday. Australian shares rose to trade within 1% of a fresh record. Futures contracts for Japan and Hong Kong shares edged lower.
• US futures were little changed early Thursday after a small Wednesday gain for the S&P 500 placed the US gauge just 0.3% from a new record — a feat achieved in the session by the Nasdaq 100 and the Dow Jones Industrial Average.