"Asian markets should start the week on the front foot, but for the U.S. equity markets... futures have opened stronger this morning but we need to see the deal being passed for the next leg higher," said Tony Sycamore, market analyst at IG.
Cash U.S. Treasuries were untraded in Asia on Monday, owing to the Memorial Day holiday, while futures were broadly steady. Ten-year futures' implied yield was 3.84%. In Turkey, the lira hovered at 20.04 against the dollar , just a touch above its record low of 20.06 hit on Friday, aftersecured victory in the country's presidential election, extending his increasingly authoritarian rule into a third decade.
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