• Global equities dropped and bonds in Asia fell as a jump in Treasury yields overnight and hawkish remarks from a Federal Reserve speaker weighed on the risk mood.
• European and US stocks futures edged lower, while the MSCI Asia Pacific Index slid for a second day. A selloff in Australian bonds deepened after inflation figures topped estimates, while Japanese benchmark yields hit their highest since 2011. The dollar strengthened against most G-10 currencies.
• Treasuries steadied in Asia after falling on a pair of weak US note sales and ahead of the Fed’s favorite price gauge due later this week. China’s yuan slid to the lowest since November amid signs policymakers are letting the currency drop against a resilient greenback.