Asian Shares Mixed Amid Bond Market Pressure

Asian stocks ended mixed on Friday as oil prices remained elevated and the U.S. Treasury Department’s announcement to manage pressure in the bond market failed to quell lingering concerns about inflation and rising government debt.

The U.S. dollar was subdued and headed for a weekly loss as U.S. bond yields steadied after rebounding from lower levels on Thursday amid fears the U.S. Treasury’s plan to curb borrowing costs is just a short-term fix.