The global bond sell-off spilled into Friday trade in Asia. US bond yields continued to edge higher, in a synchronised global selloff which saw Australian government bond yields also rise across the curve. After climbing above 2.6% overnight, a short time ago benchmark US 10-year bond yields had pushed above 2.63% in Asian trade. Australian 10-year government bonds were at 2.85%, their highest level in four months. Yields rise when bond prices fall, so bondholder’s assets shrink in value when yields are rising. Moves of 0.1 of a percentage point in yields are relatively significant in the bond market, which has an ... (full story)