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Asia-Pacific Markets Open Mixed as Bond Yields Surge to 19-Year High

Asia-Pacific equities opened mixed Wednesday as investors grappled with elevated Treasury yields and geopolitical uncertainty. The 30-year Treasury yield reached its highest level since July 2007, climbing to 5.197 percent amid inflation concerns. Japan's Nikkei 225 futures pointed to modest gains, trading near 60,800 compared to the previous close of 60,550. Hong Kong's Hang Seng index futures slipped to 25,603, below the prior 25,797 close. Australia's S&P/ASX 200 futures traded slightly lower at 8,600 versus 8,604. Wall Street declined for a third consecutive session, with the S&P 500 posting losses as surging bond yields pressured equity valuations. The Dow Jones Industrial Average fell 322 points overnight. Rising longer-dated yields signaled mounting concerns over inflation persistence, weighing on investor sentiment across regional markets.