Asian shares have retreated after rising bond market yields once again weighed on Wall Street. The declines ended a lull in wider swings in prices during a brief respite from market moving data releases. U.S. futures and oil prices were higher. On Thursday, the S&P 500 was poised to claim its longest winning streak in 19 years but sagged as bond yields rose after Fed Chair Jerome Powell said the U.S. central bank would not hesitate to raise rates if inflation is not fully controlled. The S&P 500 sank 0.8%, the Dow Jones Industrial Average dropped 0.6% and the Nasdaq composite lost 0.9%.
