{
  "id": 12288823,
  "title": "Asian shares track Wall Street higher, Treasury yields near multi-decade highs",
  "url": "https://urgent.news/2026/10/06/asian-shares-track-wall-street-higher-treasury-yields-near-multi-12288823",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T03:04:45.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442854/asian-shares-track-wall-street-higher-treasury-yields-near-multi-decade-highs"
  },
  "original_language": "en",
  "account": "Asian shares followed the lead of Wall Street higher on Tuesday, as a tech-driven rally propelled the Nasdaq to a record closing high. The retreat in oil prices provided additional support to the market, while longer-dated Treasury yields neared multi-decade highs. The euro lagged near 17-month lows following a brief dip to $1.116, as fiscal concerns mounted in France and French government bonds faced heavy selling after a lackluster budget. Political uncertainty grew after Spanish Prime Minister Pedro Sanchez announced a snap election. Brent crude oil prices remained stable around $100 a barrel, despite losing 1.9% overnight due to increased Middle Eastern exports and the G7's pledge to boost supply. MSCI's broader Asia-Pacific index outside of Japan saw a 0.2% increase, while Japan's Nikkei gained 0.7%. European stock futures climbed 0.5%, with Nasdaq futures rising 0.2% and S&P 500 futures increasing 0.1%. The Nasdaq achieved a record closing price overnight, driven by weaker-than-expected jobs data that dampened expectations of a Federal Reserve rate hike this month. AI giant Nvidia soared 2.1%, hitting a record high and reaching a market value of $5.76 trillion. Analyst Kyle Rodda noted that the market rally was once again led by tech companies, with investors focusing on the impressive earnings growth from AI-related businesses. The third-quarter earnings season commenced the following week, with Goldman Sachs forecasting 27% growth in S&P 500 earnings for the quarter, with more than half of that growth originating from AI-infrastructure benefiting companies. Latin American stocks also rose, propelled by a strong performance by Brazilian stocks and the Brazilian real currency, following right-wing Senator Flavio Bolsonaro's unexpectedly strong showing in the first round of the presidential election, securing a spot in the runoff against incumbent leftist Luiz Inacio Lula da Silva. The persistent surge in Treasury yields persisted despite a decreasing probability of an interest rate hike from the Federal Reserve in the current month, dropping to 23% from 71% a week ago. Policymakers stressed the necessity for more data before further tightening. US 10- and 30-year Treasury yields reached fresh 24-year highs overnight, following a gradual increase since mid-August, fueled by inflation and debt concerns. An ISM survey revealed that prices paid by service businesses for inputs surged to their highest level in over four years. The 10-year Treasury yield remained steady at 5.3089% in Asia, up 3 basis points overnight to 5.3493%, the highest level since 2002, while 30-year yields hovered at 5.6622%, briefly reaching 5.7029% overnight. The selloff in French bonds slightly eased, with the premium investors demanded for French 10-year bonds over German debt falling to 137 basis points on Monday. The euro dropped to $1.1215, a decline from its recent low of $1.116 overnight, marking its weakest level since May 2025. The euro traded at 177 yen, down for seven consecutive sessions, and near the lowest point since November 2024. Joseph Capurso, head of international economics at the Commonwealth Bank of Australia, stated that France's deep political divisions heighten the risk of diluted fiscal consolidation or a no-confidence vote in the government. EUR/USD may test the support level of 1.1109, keeping the U.S. dollar firm, with the dollar index rising 0.9% weekly to 102.2. Gold prices remained stable at $4,141.31 an ounce.",
  "summary": "SYDNEY: Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs. The euro languished near 17-month lows after briefly touching $1.116 overnight, pressured by mounting fiscal concerns in France. Investors dumped French government bonds…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Asian shares track Wall Street higher, Treasury yields near multi-decade highs",
        "url": "https://urgent.news/2026/10/06/asian-shares-track-wall-street-higher-treasury-yields-near-multi",
        "published": "2026-10-06T01:47:58.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Asian shares track Wall Street higher, Treasury yields near multi-decade highs",
        "url": "https://urgent.news/2026/10/06/asian-shares-track-wall-street-higher-treasury-yields-near-multi-12282557",
        "published": "2026-10-06T01:54:23.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Asian shares track Wall Street higher, Treasury yields near multi-decade highs",
        "url": "https://urgent.news/2026/10/06/asian-shares-track-wall-street-higher-treasury-yields-near-multi-12279080",
        "published": "2026-10-06T02:10:00.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian shares track Wall Street higher, Treasury yields stay high",
        "url": "https://urgent.news/2026/10/06/asian-shares-track-wall-street-higher-treasury-yields-stay-high",
        "published": "2026-10-06T02:13:14.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD falls to near $60.50 as US Treasury yields rise",
        "url": "https://urgent.news/2026/10/06/silver-price-forecast-xag-usd-falls-to-near-60-50-as-us-treasury",
        "published": "2026-10-06T02:25:46.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Asian shares track Wall Street higher, Treasury yields near multi-decade highs",
        "url": "https://urgent.news/2026/10/06/asian-shares-track-wall-street-higher-treasury-yields-near-multi-12285515",
        "published": "2026-10-06T02:30:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}