Stocks Gain Brief Respite as Treasuries Retreat from 5%; Asia Markets Hit Multi-Year Lows Amid Ongoing Selloff

U.S. Treasuries market finally broke above 5% but quickly retreated, giving stocks a reprieve.

China continues to post substantial capital outflows, with September seeing the biggest monthly figure since 2016.

MSCI Asia ex-Japan and MSCI emerging market indexes hit multi-year lows, down 13% over past 3 months.

Japan's yen and bonds in spotlight again after yen slipped below 150 per dollar and 10-year yield hit fresh decade high.

Asia economic data today includes South Korea producer prices, Japan/Australia PMIs; may trigger currency moves.