Stocks in Asia look set to open steady Wednesday as investors fret about interest rates increases that dragged down U.S. stocks from a record and extended a decline in Treasuries. Australian shares opened little changed. Futures ticked higher in Japan and dipped in Hong Kong. U.S. contracts were steady after the Nasdaq 100 underperformed amid a selloff in technology shares and the S&P 500 was little changed. The rout in U.S. Treasuries deepened for a second day amid increasing conviction the Federal Reserve will raise rates at least three times beginning in May to counter price pressures. Yields on long maturities climbed amid heavy supply of new corporate bonds following a year-end lull. The dollar was little changed, while the yen hit the lowest since January 2017.
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