Asian stocks step back from record highs on rising bond yields, weak U.S. data - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Asian stocks step back from record highs on rising bond yields, weak U.S. data

Core bond yields have pushed higher globally led by the so-called "reflation trade" where investors wager on a pick-up in growth and inflation. Successful coronavirus vaccine roll-outs so far and hopes of massive fiscal spending under U.S. President Joe Biden have spurred reflation trades.

from Stocks-Markets-Economic Times
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