Asian bonds followed Treasuries lower as renewed geopolitical tensions drove oil prices higher, fueling inflation concerns and expectations for further monetary tightening.
Government bonds in Japan, Australia and New Zealand fell after the benchmark 10-year Treasury yield rose two basis points to 4.77%, its highest level since January 2025. The yield on the 10-year Japanese government bond rose to 2.965% after touching a three-decade high in the previous session.
