Asia-Pacific stocks fall as 10-year Treasury yield increases

Overnight in the United States, the Dow Jones Industrial Average climbed 71.37 points to 34,869.37 while the S&P 500 lost 0.28% to 4,443.11. The Nasdaq Composite dipped 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. It then retreated from those levels and last sat at 1.4819%. Yields move in the opposite direction to prices.

The US dollar index, which tracks the greenback against a basket of its peers, was at 93.406, above recent levels above 93.4.

The Japanese yen was trading at 110.94 per dollar after weakening against the greenback yesterday below 110.6. The Australian dollar changed hands at $ 0.7285 after yesterday’s rebound below $ 0.726.

Oil prices were down on the morning of Asian trading hours, with international benchmark Brent crude futures slipping 0.18% to $ 79.39 a barrel. US crude futures were below the fixed line, trading at $ 75.43 per barrel.