Sydney — The US dollar hit a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent treasury yields ever higher, a painful mix for assets in many emerging-market countries.The reflation trade saw E-mini futures for the S&P 500 add another 0.5% and spread-betters pointed to solid opening gains for the major European bourses.The dollar bounded above ¥107 in brisk trade to hit ¥107.43, while the euro touched its lowest since January around $1.0773. It also made a nine-month high against a basket of currencies.The dollar has been on a tear since the victory of Republican Donald Trump in the US presidential election on November 8 triggered a massive sell-off in treasuries.Yields on the US 10-year treasury notes climbed to their highest since January on Monday at 2.21%, while 30-year paper reached 3%. Just two days of selling last week wiped out more than $1-trillion across global bond markets, the worst rout in nearly one-and-a-half year...
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