US yields revisit highs, Asia stocks sag on hawkish Fed angst

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Key Points

TOKYO (Reuters) U.S. Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer...

The yield on 10-year Treasury notes rose to 4.552%, a level not seen since October 2007...

The U.S. dollar index which measures the currency against six major developed market peers, including the euro and yen ticked up 0.05% to 106.00, after reaching 106.10 overnight for the first time since Nov. 30...

Chicago Fed President Austan Goolsbee said on Monday that inflation staying entrenched above the central banks 2% target remains a bigger risk than tight Fed policy slowing the economy more than needed...

Crude oil remained weak amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight..

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