BusinessAsian Stocks Fall as Bond Yields Hit Multi-Year Highs
Asian stocks traded under pressure as oil prices and bond yields rose, signaling investor concerns over upcoming interest rate hikes in Australia. The US 10-year Treasury yield reached a 19-year high above 5.27%, marking the heaviest monthly bond selloff in two years. The US 2-year yield surged past 5%, reflecting expectations of three more Federal Reserve hikes by mid-next year. Higher yields are pressuring global markets and borrowing costs.
News18 Business·3h ago



