Bonds Stabilize as Oil Declines, Stocks Edge Up

A global bond selloff that drove yields to multi-decade highs began to stabilize in Asia as oil snapped a two-day surge, offering investors some respite after a bruising stretch for debt markets.

The 10-year Treasury yield slipped one basis point to 5.19%, following a jump of more than 20 basis points over the previous two sessions. The rate-sensitive two-year yield declined two basis points to 4.91%. Gold held around $4,270 an ounce, while the dollar steadied after five straight gains.
Source: Bloomberg