Business Maverick: Asian stocks mixed, US yield curve flashes warning: markets wrap

US equity futures rose, after a decline on Wednesday in the S&P 500 and Nasdaq 100 amid indications from Federal Reserve officials that policy would tighten policy further. Shares in Australia and Japan climbed.inflation may pick up, limiting monetary easing. Meanwhile, China doubled its injection of short-term cash into the banking system as optimism about economic growth stoked a rapid selloff in government bonds.

Benchmark 10-year government bond yields in Australia and New Zealand fell. Treasury yields climbed slightly after moves on Wednesday that widened the difference between long-date and short-dated bonds to levels not seen since the early 1980s, underscoring investor concern about the risk of recession.

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