Elevated bond yields offset Wall Street gains, dragging Nasdaq 100 futures down 0.34% and S&P 500 futures 0.12%.
U.S. index futures edged lower in early Asian trade, reversing overnight Wall Street gains as rising Treasury yields dampened investor sentiment. Nasdaq 100 futures fell 0.34%, while S&P 500 and Dow futures slipped 0.12% and 0.07%, respectively.
Wall Street had closed higher Friday, but persistent concerns over inflation and monetary policy kept markets cautious. Asian equities showed mixed performance, reflecting uncertainty ahead of key economic data later this week.
The yield on the 10-year Treasury note remained near multi-year highs, pressuring risk assets globally and limiting upside in equities.