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 https://ift.tt/3k0U7Bc