U.S. Treasury yields hit fresh multimonth highs in Asian trade
U.S. Treasury yields climbed to fresh multimonth highs in Asian trade after U.S.-Iran hostilities escalated, lifting oil prices. The move revived inflation fears and expectations of a Federal Reserve rate hike on Sept. 16.
0558 GMT - U.S.
Treasury yields hit fresh multimonth highs in Asian trade as an escalation in U.S.-Iran hostilities pushed oil prices up, fueling inflation fears and expectations of an interest-rate hike by the Federal Reserve at its Sept.
16 meeting. "Global bond yields remain on a bearish traject…