Bond yields jump, oil extends gains as US-Iran ceasefire expires

SINGAPORE: Bond yields climbed on Tuesday (Aug 18) to their highest in decades, with oil prices rising for a third day, while stocks gave up early gains in Asian trade as a US-Iran truce expired and Tehran threatened to adopt a "fully offensive" military posture.The yield on the US 30-year Treasury bond rose as much as 1.1 basis points to an intraday high of 5.321 per cent, its highest in almost 20 years. Its 10-year counterpart traded up 0.4 basis point at 4.724 per cent."Typically, moves above 4.65 per cent for the U.S. 10-year have been followed by some soothing words from the Trump administration, typically centred on an imminent resolution to the war with Iran," ING analysts wrote in a note."This time, we're not hearing the same," they added. "In fact, the latest indications are for n