US debt deluge lifts bond yields to 4-year high, Asia stocks down

Epic Research Update : US Markets

Asian stocks slipped and the US dollar advanced on Tuesday, as a deluge of US government debt this week and the specter of inflation and a higher fiscal deficit drove US borrowing costs near four-year highs.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25 percent. Japan’s Nikkei rose 0.7 percent thanks to fall in the yen.

#US bond prices have fallen for the past four days, pushing up the 10-year yield to 2.998 percent , its highest level since January 2014.

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