Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak.U.S. and European markets were expected to follow the Asian lead with major stock futures trading up more than 2%.
Oil similarly clawed back some of its massive losses from Monday, rallying 7% and offering hope that markets had found a floor, although sentiment was still fragile a day after prices plunged.
Yields on benchmark U.S. 10-year Treasury debt more than doubled to 0.70% as investors pared some of their heavy safe-haven holdings.
