An accelerating selloff in US government bonds is starting to spread havoc across financial markets, pushing up borrowing costs, weighing on currencies and driving stocks toward a technical correction.
An Asia stock benchmark fell for a third day, taking its decline since a July high to just over 10 per cent. Treasuries extended losses in Asian trading, with yields on 10- and 30-year notes approaching 5 per cent. Europe equity contracts and US stock futures ...
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