Bond selloff extends as surging oil boosts inflation-rate hike concerns
Bond selloff extended into Wednesday in Asia after surging oil prices re-ignited inflation concerns, increasing expectations of a Federal Reserve rate hike this month. U.S.-Iran hostilities have driven oil higher.
By Sherry QinThe bond selloff largely extended into Wednesday in Asia as surging oil prices re-ignited inflation concerns, fueling expectations of a rate hike by the Federal Reserve this month.Renewed U.S.-Iran hostilities have driven oil prices sharply higher, with both Brent crude and West Texas…