Daily Morning Note | November 16, 2021
Asian stocks looked set for a steady open Tuesday after a choppy U.S. session that saw Treasury yields and the dollar climb amid concern that inflation will force a quicker withdrawal of central bank stimulus.
Australian shares slipped, while futures for Japan, Hong Kong and the U.S. were little changed. The S&P 500 and Nasdaq 100 ended broadly flat. Tesla Inc. shares approached a bear market after Chief Executive Officer Elon Musk raised the idea of selling more of his stock. The carmaker later pared losses.
Treasuries slid and the yield curve steepened on speculation the Federal Reserve may…
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