GLOBAL MARKETS - US Futures Steady, Japan Slides In Nervous Wait for US CPI

GLOBAL MARKET - SINGAPORE. Ten-year Treasury yields hit 14-month highs, driving a spike in the dollar and a wave of selling in technology stocks which spread to Asia in early trade, with Japan's Nikkei sliding after a holiday break and U.S. inflation data on investors' minds.

The benchmark 10-year yield steadied at 4.77% after hitting 4.805% in New York trade, the highest since early November 2023. U.S. equity futures also steadied, with S&P 500 futures up 0.25% and Nasdaq 100 futures up 0.5% early on Tuesday in Asia.