Asian shares slipped on Friday, with a gauge of regional equities set for its biggest monthly drop since the height of global pandemic lockdowns last March, while the dollar lagged near one-month lows on expectations of continued Fed stimulus.
"It's clear investors are very rattled by the regulatory crackdown," said Michael Frazis, portfolio manager at Frazis Capital Partners in Sydney, adding that the market continues to face other near-term pressure.
Benchmark 10-year notes last yielded 1.2509%, down from 1.269% late on Thursday, and the 30-year yield stood at 1.9001%, down from 1.916% on Thursday."We think bond yields now discount an unduly pessimistic view of the medium- to long-term outlook... The prospects for a robust recovery - and higher bond yields - are arguably much better," analysts at Capital Economics said in a client note.
The dollar index was last up 0.09% at 91.967, with the euro down slightly at $1.1879. The greenback was barely higher against the yen at 109.50.
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