(Bloomberg) -- Asian stocks fluctuated in early trade Friday after surprisingly robust economic data helped propel U.S. indexes to records. Yields on benchmark 10-year Treasury notes declined.Shares wavered between red and green in Japan and Australia and rose in South Korea. U.S. contracts slipped after equity benchmarks hit all-time highs overnight. Real estate, health care and technology shares led gains. The financial sector underperformed amid the slide in bond yields, even after Citigroup Inc. and Bank of America Corp. posted better-than-forecast trading revenue. The U.S. dollar was steady after a streak of declines.Treasuries advanced despite better-than-expected retail sales and jobless claims data in the U.S. Traders suggested foreign buying and geopolitical risks may have contributed to the rallies, with many investors caught positioned for further weakness.Chinese data will be centerstage on Friday, as the world’s second-largest economy is expected to report the highest quarterly growth since the first such data releases 30 years ago.Equities reached all-time highs this week amid the rebound in global growth, confidence in continued policy support from central banks and some upbeat corporate-earnings reports. The rally in government bonds highlights persistent risks, however, with some countries facing spikes in Covid-19 infections and setbacks in their vaccine rollout.The bond market’s surge is “one of the more confusing dynamics in markets” at the moment, said Michael Arone, investment strategist at State Street Global Advisors. “Part of it is that you saw the 10-year make a very rapid move over a very short period of time, so this could be a pause before it starts to move higher again.”Elsewhere, Bitcoin gained and Coinbase Global Inc. fell despite news that three funds at Cathie Wood’s Ark Investment Management bought shares at Wednesday’s debut of the digital-asset exchange. Oil held a recent advance, and copper is on course for the best week in about two months.Some key events to watch this week:China economic growth, industrial production and retail sales figures are on Friday.These are some of the main moves in financial markets:StocksS&P 500 futures dipped 0.1% as of 9:30 a.m. in Tokyo. The index rose 1.1% to an all-time peak.Nasdaq 100 futures fell 0.2% after the index gained 1.6%.Japan’s Topix Index edged down 0.2%.South Korea’s Kospi Index gained 0.1%.Australia’s S&P/ASX 200 Index was down 0.1%.Hang Seng futures rose 0.4% earlier.CurrenciesThe Bloomberg Dollar Spot Index was steady.The euro was at $1.1963.The Japanese yen was up 0.1% at 108.63.BondsThe yield on 10-year Treasuries traded at 1.56%, after falling six basis points in the U.S. session.Australia’s 10-year yield was six basis points lower at 1.71%.CommoditiesWest Texas Intermediate crude shed 0.2% to $63.33 a barrel.Gold edged up 0.1% to $1765.00 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.