Global Bond Selloff Extends in Asia After US CPI: Markets Wrap

 

• Shares in Australia, Japan, and Hong Kong futures all decline
• Treasury 10-year yield tops 4.5% for first time since November

Bonds in Asia fell sharply while Treasuries stabilized after higher-than-expected US inflation data strengthened the case that the Federal Reserve is in no rush to cut interest rates.

Benchmark 10-year yields in Australia and New Zealand climbed by more than 10 basis points. Their Japanese counterpart rose to the highest since November. US government debt steadied in Asia after a selloff on Wednesday lifted the 10-year yield by 18 basis points to above 4.5% for the first time in five months.

https://www.bloomberg.com/news/articles/2024-04-10/stock-market-today-dow-s-p-live-updates