Asia markets poised for mixed open amid spike in Treasury yields, Iran tensions

Asia-Pacific markets were poised to open mixed Wednesday as investors weighed elevated bond yields and renewed geopolitical tensions after U.S. President Donald Trump said he was “an hour away” from deciding whether to attack Iran on Tuesday before he was convinced topostpone the strikefor a few days.

Yields on U.S. Treasurys advanced as investors continued to dump bonds on fears inflation is reigniting. The longer-dated30-year Treasury bondyield was last trading almost 1 basis point lower at 5.174%. It briefly hit 5.197% during the session, marking its highest level since July 2007.

Japan’sNikkei 225was poised to climb, with the Chicago futures contract at 60,835 and the Osaka counterpart last trading at 60,570 compared with the index’s previous close of 60,550.59.

However, Hong Kong’sHang Seng indexfutures were at 25,603, lower than the index’s last close of 25,797.85.

In Australia, futures last traded at 8,600, slightly lower than theS&P/ASX 200‘s last close of 8,604.7.

U.S. stock futures ticked slightly higher. S&P 500 futuresadded 0.14%, whileNasdaq 100 futuresadded 0.25%.Futures tied to the Dow Jones Industrial Averagerose 55 points, or 0.11%.

Overnight on Wall Street, stocks closed lower with the S&P 500 posting its third straight losing session, as a jump in bond yields threatened the bull market.

TheS&P 500closed down 0.67%, ending at 7,353.61, while theNasdaq Compositefinished 0.84% lower at 25,870.71. TheDow Jones Industrial Averageshed 322.24 points, or 0.65%, to close at 49,363.88.

— CNBC’s Sean Conlon, Sarah Min and Lisa Kailai Han contributed to this report