Asian markets roiled as bond rout turns ‘lethal’

SYDNEY/MIAMI: Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.
The scale of the selloff prompted Australia’s central bank to launch a surprise bond buying operation to try and staunch the bleeding, helping yields there come off early peaks.
Yields on the 10-year Treasury note eased back to 1.494per cent from a…

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