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(Bloomberg) US stock futures rose in early Monday trade after a deal was reached over the weekend to avoid a government shutdown. A gauge of Asian equities opened lower amid concern global interest rates will stay elevated. Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownMarket Stress
Yields on US bonds are trending upwards after the Fed announced a ‘hawkish pause last week, cementing expectations of higher interest rates for longer. The narrowing spread between Indian and US bond yields is also likely to impact inflows into the country.