Morning Report 8 Feb 22: ASX 200 set for lower open after tech leads late decline on Wall St

US sharemarkets ended mixed on Monday. Shares in meatpacker Tyson Foods rose 12.2%  after its first-quarter profit nearly doubled. Shares in Peloton rose 20.9% on media reports that Amazon and Nike are each exploring potential buy-out offers for the exercise bike maker. At the close of trade, the Dow Jones index was up by just 1.4 points. But the S&P 500 index fell by 0.4%. And the Nasdaq index lost 82 points or 0.6%. US long-term treasuries rose on Monday (yields lower) ahead of a lift in bond supply. US Treasury will auction $50 billion in 3-year notes on Tuesday, with $37 billion in 10-year notes scheduled for Wednesday and $23 billion in 30-year bonds on Thursday. US 10-year yields fell by 1 point to near 1.92%. And US 2-year yields fell by 2 points to near 1.30%.

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