Stocks Slump, Yields Surge as Global Markets Roiled by Bond Rout

Asian stocks fall to 11-month lows as global bond rout sends US yields to 16-year highs, challenging equity valuations.

Spike in Treasury yields lifts dollar to new heights, with only yen showing resistance amid speculation of intervention.

Stronger than expected US job openings data sends 10-year yield up nearly a dozen basis points to over 4.8%, highest since 2007.

Across Asia's emerging markets, bonds under pressure and currencies at or near milestone lows against surging dollar.

Fed officials not alarmed yet by rising long-term yields, but markets on edge awaiting signs of break or reversal.