was the sole stock index in Asia with gains, up nearly 0.5%, as a weakening yen buoyed exporters.
A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes , seen as an indicator of economic expectations, was at -107.3 basis points, its deepest since August 1981, according to Refinitiv data.
Citi strategists said even as-expected payrolls and inflation data could keep the chance of a 50 basis point hike high. "Not following through on a 50 bps increase could then entail an unhelpfully large easing of financial conditions."
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