In Asian Equity Markets indexes traded mixed on Wednesday following a down day for Wall Street as the U.S. 10-year Treasury yield rose to 3.09 percent overnight. Japan’s Nikkei 225 eased 0.31 percent and the broader Topix slipped 0.11 percent as mining and oil shares weighed. Banking stocks also pulled back in early morning trade. Elsewhere, South Korea’s benchmark Kospi pared steeper losses earlier in the morning to hover just above the flat line, with gains in index heavyweight Samsung Electronics offsetting declines in oil refiners and stocks in the manufacturing sector. Hong Kong’s Hang Seng Index 0.97 percent, extending losses seen in the last session

In Currency Markets the US dollar hovered near a five-month high against a group of major currencies on Wednesday, as a surge in the benchmark 10-year Treasury yield above 3 percent reignited a rally that had lost steam last week. The dollar index added 0.1 percent to 93.335 after rallying to 93.457 overnight, its highest since Dec. 22. The euro was 0.1 percent lower at $1.1823 after brushing $1.1817, its weakest since late December. The dollar was little changed at 110.300 yen, having risen to 110.450 overnight, its strongest since Feb. 5. The yen barely budged after data showed Japan’s economy contracted for the first time in nine quarters during January-March.

In Commodities Markets oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. Brent crude futures were at $78.17 per barrel, down 26 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $71.02 a barrel, down 29 cents, or 0.4 percent, from their last settlement. Despite the dips, both financial oil benchmarks remained close to their November 2014 highs of $79.47 and $71.92 a barrel respectively, reached the previous day.

In US Equity Markets all the three major U.S. stock indexes were down nearly 1 percent on Tuesday. The losses were broad based, with all 11 major S&P sectors in negative territory. Home Depot Inc shares slipped 1.3 percent after the home improvement retailer missed sales forecasts as the long winter put a damper on demand for spring products. The S&P 500 lost 0.81 percent, to 2,708 and the Nasdaq Composite fell 0.99 percent, to 7,337.62. Home Depot Inc shares slipped 1.3 percent after the home improvement retailer missed sales forecasts as the long winter put a damper on demand for spring products.

In Bond Markets a solid rise in U.S. retail sales in April rocked a teetering U.S. Treasuries market on Tuesday as a wave of selling propelled the benchmark 10-year note’s yield through a key technical support, sending it to a near seven-year high. The 10-year yield had hovered around 3 percent since reaching late last month on concerns about rising inflation and a ballooning federal budget gap. On the other hand, trade tension between the United States and other nations and signs of faltering growth in Europe had kept a lid on U.S. yields. The 10-year Treasury yield reached 3.095 percent, its highest level since July 2011. It closed at 3.076 percent, up 8 basis points, its biggest one-day yield rise since March 2017,