Asia wary of Fed rate outlook, high bond yields

Asian share markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Interest rates are expected to fall in the United States and Sweden, and hold steady in Japan, the UK and Norway. The Federal Reserve will lead the pack on Wednesday with markets pricing a 96% probability it will cut rates by 25 basis points to a new range of 4.25% to 4.50%.Read More