Stocks in Asia edged higher following a late rally in US equities.
Futures on Japan's Nikkei 225 rose 0.6%.
Japan, South Korea and Australia saw equities advance.
OPEC's monthly oil market report, which includes demand forecasts and production estimates, is due Wednesday.The ECB policy meeting Thursday is widely expected to see a cut to interest rates and a review of all options, including QE.
" Quoting statistics, on Monday's (September 9th) market closure, London's currency-dependent FTSE 100 faltered 0.6 per cent after a robust upsurge of the British currency over optimisms of averting a no-deal Brexit, while Europe's banking index, .SX7P, rose more than 2.2 per cent to its one-month-high over hopes of monetary injections".
"Bond yields had fallen so far so fast that they were due for a pullback, and you have some nerves setting in before the European Central Bank", said Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors in Sydney.
The recent pullback in the bond rally "is a correction to an outsized move in yields during August, not a turn in the trend", Kit Juckes, chief global FX strategist at Societe Generale SA, wrote in his daily note.
Fundamental backdrop is still broadly gold-supportive considering the main sources of risk aversion remain unresolved, Spivak added.
Germany is considering setting up independent public agencies that could take on new debt and invest in the economy, three people familiar with talks about the plan told Reuters.
Europe's largest economy is teetering on the brink of recession, but strict national spending rules have tied policymakers hands on fiscal policy.
The yield on 10-year Treasuries remained at 1.73% after rising nine basis points Tuesday.Australian 10-year yields climbed about six basis points, to 1.14%.
In currencies, the rise in Treasury yields helped lift the dollar to touch a five-week high of 107.50 yen.
Germany's 30-year benchmark bond yield briefly broke into positive territory for the first time in more than a month, while U.S. Treasury yields climbed to 18-day highs. Oil stocks .SXEP were the biggest boost to the index, tracking crude prices higher.
USA crude rose 0.73 percent to $58.34 a barrel, the highest since July 31.