Asian stocks slide as Fed hike fears tip Wall Street into bear market - CNA

Benchmark 10-year Treasury yields hit their highest since 2011 on Monday and a key part of the yield curve inverted for the first time since April as investors braced for the prospect that Fed attempts to stem soaring inflation would dent the economy.

The yield on benchmark 10-year Treasury notes rose to 3.3466 per cent compared with its US close of 3.371 per cent on Monday. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 3.3804 per cent compared with a US close of 3.281 per cent.

https://www.channelnewsasia.com/business/asian-stocks-slide-fed-hike-fears-tip-wall-street-bear-market-2744971