Asian stocks slip as oil climbs, bond yields near 20-year high

Asian share markets mostly fell Monday as oil prices climbed again amid doubts about a US-Iran truce, while bond yields rose ahead of a week packed with economic data. Brent crude gained 2.1% to $106.49 a barrel, adding to near-18% monthly gains. Central banks are responding with rate hikes, with markets pricing a 66% chance the Federal Reserve will hike again in October. Strong US growth data, including a 5.0% GDPNow forecast, supports equities even as 30-year Treasury yields near their highest since 2004. The US payrolls report Friday is forecast to show 85,000 new jobs, with unemployment expected to hold at 4.1%. The dollar hit two-month peaks, while gold fell 1.7% to $4,212 an ounce as yields surged.