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Asian bond yields rise as Treasury yields reach levels unseen since 2007

  • Asian bond yields continued rising Friday despite a pullback in oil prices.
  • Treasury yields reached highs not seen since 2007.
  • U.S. government bond selling spilled over into Asian debt markets amid the continuing Middle East conflict.

Asian bond yields continued rising Friday despite lower oil prices, reflecting caution over inflation and the prospect of higher interest rates as the Middle East conflict drags on. Selling in U.S. government bonds spread into Asian debt markets, with Treasury yields reaching their highest levels since 2007.

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