Japan's benchmark yield tops 3.1% as bets grow on cycle of Fed rate hikes
Average asking prices for existing condominiums in central Tokyo have also fallen for four consecutive months through August amid rising interest rates. (Photo by Tomoki Mera)
TOKYO -- An intensifying global bond sell-off led yields higher across Asia on Friday morning, as investors anticipate further monetary tightening in the face of elevated oil prices amid faltering hopes for a near-term resolution in the U.S. war with Iran.
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