Asia stocks up, US bond yields down as inflation fears ease By Reuters – Investing.com

Asia stocks up, US bond yields down as inflation fears ease By Reuters – Investing.com

By Andrew Galbraith

SHANGHAI (Reuters) - U.S. bond yields dipped to three-month lows and a broad gauge of Asian shares rose on Friday as investors looked past rising U.S. consumer prices and focused on one off-factors which suggested higher inflation could be short-lived.

Some economists say the rise in the U.S. consumer price index reflected short-term adjustments related to the reopening of the economy, and many investors appear confident that the Federal Reserve is deftly handling a rebound in economic growth - even as questions remain about how it defines "transitory".