The bond selloff continued Monday as Treasury yields climbed and sovereign debt in Australia and New Zealand slid on concerns about faster inflation, tempering stock market optimism from positive vaccine news.
Benchmark 10-year Treasury yields climbed to the highest in about a a year. A gauge of Asian stocks pared gains amid a surge in metals that could fan price pressures. Japanese shares outperformed, but Australian equities lagged. S&P 500 and European futures dipped after the U.S. index slipped Friday.