Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns

Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale of US five-year notes pushed the yield above 5% for the first time since 2007. The 10-year yield surged 15 basis points to 5.11%, the biggest one-day increase since the market turmoil triggered by President...