Asian stocks look set to slip following US declines as bond yields rise

U.S. stocks declined on Tuesday as Home Depot missed sales estimates. The 10-year U.S. Treasury yield rose to 3.09 percent, its highest in around seven years. Futures in Asia pointed to a lower open on Wednesday following a down day for Wall Street as the U.S. 10-year Treasury yield rose to 3.09 percent in the last session.