Asian Shares Mixed as Oil Prices and Treasury Yields Rise
Asian shares showed mixed performance as rising oil prices due to the US-Iran standoff and higher US Treasury yields raised inflation concerns and expectations of further Federal Reserve rate hikes. Government bonds fell in New Zealand, with losses expected in Japan and South Korea. Australian debt remained steady ahead of the Reserve Bank's policy decision. The 10-year US Treasury yield hit a 19-year high at 5.27%, while oil prices rose, dampening hopes for a Middle East diplomatic breakthrough.
ET Markets·4h ago


