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Bond scares spook world shares, investors look to Powell By Hideyuki Sano Reuters TOKYO (Reuters) - Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about the risk of a rapid rise in long-term borrowing costs. The spectre of higher U.S. bond yields also undermined low-yielding, safe-haven assets, such as the yen, the Swiss franc and gold. Benchmark 10-year U.S. Treasuries rose to 1.477%, heading back towards a one-year high of 1.614% set last week on bets on a strong econom...

Resurgent worries about ascent U.S. band yields hit all-around shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell will abode

* Dollar near seven-month high vs yen, five-month high vs Swissie

Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance at the beginning of a meeting of Opec ministers and their allies about the future of supply cuts.

Read more about Rising US yields takes edge off stocks rally, lends support to dollar on Business Standard. Benchmark ten-year U.S. Treasury yields rose as far as 1.3330% in Asia, the highest since February 2020, although they later eased back to 1.2989%