MSCI's broadest index of Asia-Pacific shares
"There is concern that the labor market isn't showing any signs of cooling," putting financial markets "very much on edge", said Tony Sycamore, a market analyst at IG. U.S. two-year Treasury yields spiked to a more than two-month high of 4.497% overnight but eased to 4.460% in Tokyo. The 10-year yield , which rose as high as 3.784% in New York, dropped to 3.726%.
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