Asian stocks and bonds are expected to fall following a selloff in US markets, which was triggered by a surge in oil prices and recent inflation data. Brent crude climbed above $107 a barrel on Thursday, leading to multiyear highs for Treasury yields and pushing the dollar to a one-week peak.
Bonds faced additional pressure after the Treasury bought back $5.19 billion of debt, an amount lower than investors had anticipated. A hotter-than-expected producer-price report further prompted traders to increase their wagers on a Federal Reserve rate hike in the coming week.
These developments reflect growing concerns about inflation and the potential for tighter monetary policy, impacting global markets.
