Asian Bond Yields Rise on Fed Hike Expectations
Asian bond yields rose after hotter-than-expected U.S. inflation and hawkish Federal Reserve commentary raised the chances of a rate increase next month. U.S. consumer prices rose 0.4% in October from the previous month, above market expectations.
By Sherry Qin and Kimberley KaoAsian 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 expectation…