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SINGAPORE, Feb 22 (Reuters): Most Asian bond yields flitted higher on Monday, tracking a spike in US 10-year Treasury yields on expectations that massive government stimulus would lead to higher economic growth and inflation.
Regional equities were largely weak, with the Philippines market slipping the most as a jump in Covid-19 casualties raised the possibility that partial lockdown measures in the capital of Manila could be extended.
Yields on the benchmark US 10-year Treasury notes rose to a one-year high, as falling infection rates, expectations of a stronger economic recovery and higher government borrowing in the United States dented their lustre. ....

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