Japanese consumer confidence and Australian inflation are the main points of focus for markets in Asia on Wednesday, as investors ponder the broader implications of a widespread rise in bond yields. U.S. Treasury yields, the benchmark for global borrowing costs, rose to four-week highs on Tuesday in the wake of a weak U.S. debt auction, leading to a mixed performance on Wall Street. The Dow fell, the S&P 500 was flat and Nvidia's extraordinary rally powered the Nasdaq to a fresh record high - shares in the AI poster child have soared 20% in the last three trading days and the firm is now worth $2.8 trillion. But ... (full story)