Bonds are falling and the currency is falling as interest rate hikes loom10-year Treasury yield hit 3.0580% early in the Asia session. The dollar added another 0.6% against the yen to touch 132.75. Ten-year gilt yields rose as far as 10.2 bps to a seven-year high of 2.256%.

10-year Treasury yield hit 3.0580% early in the Asia session. The dollar added another 0.6% against the yen to touch...