Asian Bond Yields Rise on Fed Rate-Hike Expectations
Hotter-than-expected U.S. inflation and hawkish Fed commentary raised expectations for a rate increase next month. U.S. consumer prices rose 0.4% in October from September, above market expectations.
By Sherry QinAsian bond yields rose, after hotter-than-expected U.S. inflation data and Federal Reserve officials' hawkish commentary raised the chances of a rate increase next month.U.S. consumer prices rose 0.4% in October from the previous month, overshooting market expectations. Meanwhile, Fed…