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Asia-Pacific stocks slip as 10-year Treasury yield rises


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Overnight stateside, the Dow Jones Industrial Average climbed 71.37 points to 34,869.37 while the S&P 500 shed 0.28% to 4,443.11. The Nasdaq Composite fell 0.52%, to 14,969.97.

The mixed moves on Wall Street came as the 10-year Treasury yield briefly crossed 1.5% on Monday, its highest since June. The stock later fell from the highs and presently sits at 1.4819%. The yields of a commodity move in the opposite direction to its price.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.406 — off levels above 93.4 seen recently.

The Japanese yen traded at 110.94 per dollar following a weakening from below 110.6 against the greenback yesterday. The Australian dollar changed hands at $0.7285 after yesterday’s bounce from below $0.726.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping 0.18% to $79.39 per barrel. U.S. crude futures oil prices traded at 75.43 per barrel below their flatline.