Asian Bonds, Stocks to Fall as Oil Fans Inflation: Markets Wrap

Asian bonds and stocks were set for further losses Friday as elevated oil prices fueled inflation concerns, driving long-term Treasury yields to multi-decade highs and raising the prospect of further Federal Reserve rate hikes.

Asian bonds and stocks were set for further losses Friday as elevated oil prices fueled inflation concerns, driving long-term Treasury yields to multi-decade highs and raising the prospect of further Federal Reserve rate hikes.