U.S. stocks closed mostly lower on Monday, as 10- and 30-year Treasury yields ended at almost three-month closing highs. Long-dated Treasurys aggressively sold off on Monday amid growing worries about the prospects of a rising U.S. deficit, pushing yields to their highest closing levels in months. Yields on 10- and 30-year government debt jumped about 10 basis points each to close at 4.18% and nearly 4.49%, respectively. The leading indicators of the U.S. economy fell again in September because of weakness in a few key industries such as housing and manufacturing, but not enough to suggest any sign of major trouble. The leading index dropped 0.5% last month, the Conference Board said Monday. The gauge has fallen in almost every month since early 2022 even though the economy has continued to expand. Economists polled by The Wall Street Journal had forecast a 0.3% drop. Reaffirming the strength of India's economic growth, the Reserve Bank of India's October Bulletin projected real GDP growth at 7.2 percent for the fiscal year 2024-25. In the Bulletin, the RBI highlighted that the momentum in consumption and investment demand continues to fuel growth, with Q2 growth forecast at 7 percent and Q3 and Q4 at 7.4 percent each. It however reduced its gross domestic product forecast for India by 20 basis points to 6.8% for the second quarter of fiscal 2024-25. Asian equities were mostly lower for a second day as Wall Street stocks took a breather after notching their longest weekly rally this year. Tata Motors secures order for 1,000 diesel bus chassis from UP State Road Transport Corp Alembic Pharmaceuticals gets US FDA approval for generic Diltiazem Capsules Reliance Retail expands AZORTE with 12 new stores in India Nifty on October 21 started the week on a negative note after opening higher as investors reacted to more quarterly results. At close, Nifty was down 0.29% or 72.9 points at 24781.1. Nifty formed a Dark Cloud Cover like pattern on October 21 (though its placement is not ideal) after forming a bullish piercing pattern in the previous session. It keeps running into resistance at 25000+ levels. Nifty could stay in the 24567-25057 band for the near term.