Still, the backdrop is one of pressure from rising rates which analysts say is unlikely to abate even if U.S. labour data comes in fairly weak later on Friday, as economists expect.
Even anchored Japanese government bonds scaled six-year highs on Friday, taking the five-year yield to zero, as investors girded for the Bank of Japan to follow peers and tighten policy.Treasuries also sold overnight and were steady in Asia, with the two-year yield at 1.2179% and the 10-year yield at 1.814%.
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Asian Stock Market: KOSPI bucks the trend with biggest daily jump in a yearGlobal markets turn cautious as traders brace for the ECB and the BOE monetary policy announcements during early Thursday. Adding to the risk-off mood
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