Today's market sentiment is aversion to risk. News that Germany has extended containment measures for another month is hurting Europe on Tuesday.
The dollar remained stable in Asia after increased risk-taking prompted a fall in Treasury yields, countering fears about the rise in Covid-19 cases and new lockdowns in Europe.
Yields on the higher-maturity Treasurys continued to fall in Asia after recording the biggest decline in weeks on Monday. However, many investors predict that bond yields will continue to rise as the U.S. economy recovers.
Oil prices were retreating in Asia due to continued fears that a resurgence of Covid-19 in Europe could hurt demand.
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