Dollar, bond yields jolted higher by Fed talk

SYDNEY:  The US dollar was holding hefty gains in Asia on Thursday as investors wrestled with the risk that US interest rates could rise sooner and faster than previously thought, pressuring stock and bond prices.

Short-term US bond yields jumped by the most in almost three years after Federal Reserve Chair Janet Yellen said the central bank might end its bond-buying programme this fall, and could start to raise interest rates around six months later.