Asian markets roiled as bond sell-offs rise
US 10-year yields ease as Australia’s central bank attempts to stem bond bleeding
26 February 2021 - 07:49
Sydney/Miami — Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.
The scale of the sell-off prompted Australia’s central bank to launch a surprise bond buying operation to try to staunch the bleeding, helping yields there come off early peaks...
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