Global Daily: Sky's the Limit?

Major US indices closed high on Friday evening as trading resumed following the Thanksgiving holiday. The S&P500 was up 0.54%, the Dow up 0.61% and the NASDAQ up 0.65%, but US equity futures are pointed lower this morning and Asian equity markets are showing mixed performance. Bond yields are mostly higher. Yields on US 10s rose 2.1bps to 4.03% while yields on 2-year JGBs reached their highest level in 17 years after BOJ Governor Ueda hinted that he is seriously considering a rate hike this month.