Asian Shares Were Shaky After US Treasury

Asian shares were shaky after US Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a US recession.

MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade after two days of losses. Japan’s Nikkei rebounded 1.1 percent after a 3.0 percent fall on Monday.

Investors have been spooked by sharp falls in US bond yields and an inversion of the US Treasury yield curve, which is widely seen as an indicator of an economic recession.

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