Yields on benchmark 10-year US Treasuries surpassed their 2017 peak on Friday as a sell-off in sovereign bonds continued.
Yields, which move opposite price, on 10-year US Treasuries climbed 1 basis point to 2.633 per cent in early Asia trading. They had climbed 4 bp on Thursday as strong fourth-quarter growth in China boosted confidence in continued global expansion.
Yields on 10-year Japanese government bonds held at 0.075 per cent but those on the equivalent Australian sovereign notes were playing catch-up with Treasuries, climbing 6 bp to 2.865 per cent.
The dollar was steady in Asia after slipping overnight as a potential government shutdown in the US took centre stage for investors.
The dollar index tracking the greenback against a basket of peers was flat at 90.524
Japan’s yen firmed 0.1 per cent at ¥111.04 per dollar while the Australian dollar was up 0.1 per cent on its US counterpart at $0.8005.