Asian stocks ended mixed on Tuesday as sentiment was weakened by Covid-19 woes and a surge in U.S. Treasury bond yields.
The U.S. 10-year and 5-year Treasury yields refreshed two-year highs and the 2-year bond coupon jumped to the February 2020 levels at the latest amid bets on the Federal Reserve's faster rate hikes in 2022. Fed funds futures are priced for a hike in March and four hikes this year.
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