Bond markets are nervous about central banks’ ability to contain inflation as South Korea, Indonesia and the Philippines face similar pressures.

U.S. Treasury bond sell-off coincided with the nonpartisan Congressional Budget Office's release of statistics that the national debt is about to cross $40 trillion.

HONG KONG: Asian markets rallied on Thursday (Aug 20) after the US Treasury said it would "at least double" the amount of long-term bonds to push down borrowing costs, after they…