Asian Markets Hold Ground as Bond Yields Rise

Asian shares held steady on Friday despite a global bond selloff pushing US yields to multi-year highs. Rising inflation fears bolster bets on further Federal Reserve rate hikes.

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Signage of Japan Exchange Group (JPX) at Tokyo Stock Exchange in Tokyo, Japan, April 6, 2026. REUTERS/Issei Kato

Asian shares held steady on Friday morning as a relentless global bond selloff pushed long-dated yields to multi-year peaks, raising borrowing costs worldwide. The surge in yields threatens lofty equity valuations and tightens financial conditions across major economies. Investors now face a shifting macroeconomic landscape as central banks signal further policy tightening to combat persistent inflation pressures.

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