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Yen near seven-month low, Asian shares fall as bond yields rise
The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback and benchmark Treasury yields. But the creep up in benchmark yields may weigh on Asian stocks, as wary investors recall last week’s sell-off in government bonds that caused yields to spike, spooking equity markets and causing shares to tumble. By early Thursday, Australian shares had lost 1% and E-mini S&P futures slipped 0.25%. U.S. shares had fallen overnight as investors sold off high-flying technology shares to ... (full story)