Treasuries Sell Off, Asia Stocks Drop; Oil Jumps: Markets Wrap

Treasuries Sell Off, Asia Stocks Drop; Oil Jumps: Markets Wrap

(Bloomberg) — Stocks in Asia fell Tuesday and Treasuries sold off across the curve as investors remain cautious about whether central banks can raise interest rates to rein in inflation without derailing growth. Oil gained after the European Union backed a push to ban some Russian oil.

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Equities in Japan, Korea and Australia inched down while Hong Kong futures fell. US contracts opened higher in the first day of trading after the Memorial Day weekend. Yields on…


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