Australia's 10-year yield reached its highest since 2011 due to global bond sell-off and inflation concerns.
Impact on stocks 4
Higher oil prices and Fed rate hike bets push global yields up, including the effective federal funds rate.
Japan's 10-year JGB yield hit 3% for the first time since 1996 amid global bond sell-off.
US 10-year yield rises to near two-decade high on Fed rate hike bets and inflation worries.