Asian shares held largely steady as a global bond selloff pushed longer-dated U.S. Treasury yields to their highest levels in nearly two decades, increasing borrowing costs and challenging elevated equity valuations. The 10-year Treasury yield rose to 5.1915% after reaching 5.2251%, while the 30-year yield climbed to 5.4805% after touching 5.5016%, the highest since 2004. U.S. mortgage rates reached 7%. Brent crude eased 0.8% to $105.75 a barrel after rising overnight on a Houthi missile attack on Saudi Arabia, reviving supply and inflation concerns. Fed funds futures priced a 71% chance of another rate increase next month and more than 90 basis points of additional tightening this cycle. The dollar was headed for a 1% weekly gain at 101.25 against major peers. Japan’s Nikkei rose 1%, Australia’s resources-heavy shares fell 0.6% and Hong Kong’s Hang Seng dropped 1%, while several regional markets were closed for a holiday. Chinese President Xi Jinping was in Washington for talks with President Donald Trump, but there was little evidence of breakthroughs on artificial intelligence, trade, Taiwan or the war with Iran.