Asian stocks set for gains as bond yields dip

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Asian stocks were set for a strong start on Friday, following firm overnight leads from Wall Street and Europe as a further retreat in bond yields eased concerns about rampant inflation, restoring appetite for battered tech stocks.

FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon

The yield on the benchmark 10-year Treasury note fell as low as 1.475%, the first time it had dipped below 1.5% in a week. It last yielded 1.5352%, from 1.52% late on Thursday. The Dow Jones Industrial Average rose 0.58%, the S&P 500 gained 1.04% and the Nasdaq Composite added 2.52%.

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