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Market move▼ Bearish for Indian equities
Asian shares steady as bond selloff lifts US yields to two-decade highs
The brief
- Asian shares held steady as a global bond selloff pushed long-term US yields to multi-year highs
- Higher US yields may pressure Indian equities through foreign-investor outflows
- Japan's two year govt bond yield nears 2% on BOJ rate hike bet
- Japanese bond yields climb towards multi-decade highs on inflation, BOJ tightening bets
- Hong Kong launches 4-year euro digital green bond, term sheet shows
- Asian stocks open mixed as rate-hike bets build; Kospi slips, Japan indices rise
- Emerging market investors shun riskiest bonds as US yields soar
Rising US Treasury yields and market pressure
US Treasury yields climbed to multiyear highs, with the 30-year yield above 5.53% and the 10-year at a 19-year high. Reports cited sticky inflation, heavy bond issuance and rising oil prices, while warning of pressure on US and Indian stocks, valuations and capital inflows.
Friday, 25 September
- Asian shares steady as bond selloff lifts US yields to two-decade highs