Dow Jones Top Markets Headlines at 3 AM ET: U.S. Treasury Yields Stay Near Multiyear Highs in Asian Trade | The ...

U.S. Treasury yields held near multi-year highs in Asian trading, though they stayed below Thursday’s peak. The upward pressure was attributed to factors that reinforce expectations for more Federal Reserve interest-rate hikes. The broader backdrop cited in the headlines was a robust U.S. economy that appears able to absorb higher borrowing costs, keeping Treasury investors cautious. Other market and policy items highlighted include falling German consumer confidence to its lowest level since May amid energy-price concerns and escalating Middle East tensions, and a Washington summit between President Trump and China’s Xi that delivered little in terms of concrete outcomes despite ceremonial focus. The briefing also covered issues from a potential diesel export ban debate in Europe to threats to Black Sea grain exports affecting wheat futures.